Invesco Ltd. raised its stake in shares of Ermenegildo Zegna (NYSE:ZGN - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,386,184 shares of the company's stock after buying an additional 581,696 shares during the period. Invesco Ltd. owned approximately 1.58% of Ermenegildo Zegna worth $52,750,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ZGN. Alpine Investment Management Ltd acquired a new position in shares of Ermenegildo Zegna in the 4th quarter valued at $7,100,000. ExodusPoint Capital Management LP purchased a new stake in shares of Ermenegildo Zegna in the 4th quarter valued at approximately $1,907,000. American Assets Inc. acquired a new position in Ermenegildo Zegna in the 4th quarter worth approximately $578,000. Landscape Capital Management L.L.C. purchased a new position in Ermenegildo Zegna during the 4th quarter worth approximately $510,000. Finally, Fox Run Management L.L.C. bought a new stake in Ermenegildo Zegna in the fourth quarter worth approximately $372,000. 12.91% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
ZGN has been the subject of several recent analyst reports. Bank of America upgraded Ermenegildo Zegna from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $9.40 to $8.90 in a research note on Thursday, January 16th. TD Cowen began coverage on shares of Ermenegildo Zegna in a research note on Tuesday, February 18th. They issued a "hold" rating and a $10.00 price objective for the company.
Check Out Our Latest Research Report on ZGN
Ermenegildo Zegna Price Performance
Shares of Ermenegildo Zegna stock traded down $0.04 during midday trading on Monday, hitting $6.89. 34,455 shares of the company were exchanged, compared to its average volume of 654,705. The firm has a 50 day simple moving average of $7.63 and a 200-day simple moving average of $8.04. Ermenegildo Zegna has a 52 week low of $6.05 and a 52 week high of $13.36. The firm has a market cap of $2.81 billion, a P/E ratio of 13.01 and a beta of 0.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.41 and a quick ratio of 0.79.
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.
Featured Stories
Before you consider Ermenegildo Zegna, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ermenegildo Zegna wasn't on the list.
While Ermenegildo Zegna currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
