Tabor Asset Management LP lifted its position in shares of Ermenegildo Zegna (NYSE:ZGN - Free Report) by 362.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 959,643 shares of the company's stock after acquiring an additional 751,930 shares during the quarter. Ermenegildo Zegna accounts for approximately 3.8% of Tabor Asset Management LP's portfolio, making the stock its 10th largest holding. Tabor Asset Management LP owned about 0.24% of Ermenegildo Zegna worth $7,927,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ZGN. SBI Securities Co. Ltd. purchased a new position in shares of Ermenegildo Zegna in the 4th quarter valued at about $28,000. Entropy Technologies LP purchased a new position in Ermenegildo Zegna in the 4th quarter valued at approximately $84,000. Mirabella Financial Services LLP acquired a new position in Ermenegildo Zegna during the fourth quarter worth $87,000. Aquatic Capital Management LLC acquired a new stake in Ermenegildo Zegna in the fourth quarter valued at $144,000. Finally, Next Capital Management LLC purchased a new position in shares of Ermenegildo Zegna in the fourth quarter valued at $151,000. Institutional investors and hedge funds own 12.91% of the company's stock.
Ermenegildo Zegna Price Performance
Ermenegildo Zegna stock traded down $0.03 during midday trading on Thursday, reaching $8.48. 872,648 shares of the company were exchanged, compared to its average volume of 696,202. Ermenegildo Zegna has a 1 year low of $6.05 and a 1 year high of $12.95. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 15.99 and a beta of 0.72. The firm's 50-day simple moving average is $7.52 and its 200-day simple moving average is $8.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.79 and a current ratio of 1.41.
Ermenegildo Zegna Increases Dividend
The company also recently announced an annual dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Monday, July 7th will be paid a $0.1361 dividend. This is a boost from Ermenegildo Zegna's previous annual dividend of $0.12. This represents a yield of 1.5%. The ex-dividend date of this dividend is Monday, July 7th. Ermenegildo Zegna's payout ratio is presently 22.64%.
Analyst Ratings Changes
Separately, TD Cowen started coverage on shares of Ermenegildo Zegna in a report on Tuesday, February 18th. They issued a "hold" rating and a $10.00 price target on the stock.
Read Our Latest Research Report on Ermenegildo Zegna
About Ermenegildo Zegna
(
Free Report)
Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances.
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