Two Sigma Investments LP Has $3.87 Million Position in Ermenegildo Zegna (NYSE:ZGN)

Two Sigma Investments LP boosted its stake in shares of Ermenegildo Zegna (NYSE:ZGN - Free Report) by 451.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 468,251 shares of the company's stock after purchasing an additional 383,363 shares during the period. Two Sigma Investments LP owned 0.12% of Ermenegildo Zegna worth $3,868,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Ermenegildo Zegna during the fourth quarter valued at approximately $28,000. BNP Paribas Financial Markets bought a new stake in Ermenegildo Zegna in the fourth quarter valued at approximately $764,000. American Assets Inc. bought a new stake in Ermenegildo Zegna in the fourth quarter valued at approximately $578,000. FIL Ltd raised its stake in Ermenegildo Zegna by 18.0% in the fourth quarter. FIL Ltd now owns 1,672,992 shares of the company's stock valued at $13,819,000 after buying an additional 255,079 shares during the period. Finally, Millennium Management LLC raised its stake in Ermenegildo Zegna by 319.2% in the fourth quarter. Millennium Management LLC now owns 406,375 shares of the company's stock valued at $3,357,000 after buying an additional 309,424 shares during the period. 12.91% of the stock is owned by institutional investors and hedge funds.

Ermenegildo Zegna Stock Performance

NYSE:ZGN traded down $0.08 on Monday, hitting $8.52. The company's stock had a trading volume of 776,403 shares, compared to its average volume of 716,741. The company has a current ratio of 1.41, a quick ratio of 0.79 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $7.72 and a two-hundred day moving average of $8.08. The firm has a market capitalization of $3.47 billion, a P/E ratio of 16.07 and a beta of 0.72. Ermenegildo Zegna has a one year low of $6.05 and a one year high of $12.77.

Ermenegildo Zegna Increases Dividend

The firm also recently disclosed 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 positive change from Ermenegildo Zegna's previous annual dividend of $0.12. The ex-dividend date is Monday, July 7th. This represents a yield of 1.5%. Ermenegildo Zegna's dividend payout ratio is currently 22.64%.

Analyst Upgrades and Downgrades

Separately, TD Cowen started coverage on Ermenegildo Zegna in a research note on Tuesday, February 18th. They issued a "hold" rating and a $10.00 price objective on the stock.

Ermenegildo Zegna Profile

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.