Ermenegildo Zegna (NYSE:ZGN) Trading Up 4.4%

Ermenegildo Zegna (NYSE:ZGN - Get Free Report) traded up 4.4% during mid-day trading on Wednesday . The stock traded as high as $11.62 and last traded at $11.51. 653,654 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 688,747 shares. The stock had previously closed at $11.02.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Ermenegildo Zegna from a "neutral" rating to a "buy" rating and boosted their price target for the company from $17.00 to $18.70 in a research report on Thursday, January 11th.

Ermenegildo Zegna Stock Up 4.0 %

The company has a current ratio of 1.27, a quick ratio of 0.76 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $13.64 and a 200-day moving average price of $12.39.

Hedge Funds Weigh In On Ermenegildo Zegna

Institutional investors have recently made changes to their positions in the stock. Invesco Ltd. bought a new position in Ermenegildo Zegna in the first quarter valued at $59,749,000. Artisan Partners Limited Partnership lifted its stake in Ermenegildo Zegna by 52.0% in the third quarter. Artisan Partners Limited Partnership now owns 3,935,129 shares of the company's stock worth $54,777,000 after purchasing an additional 1,345,500 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Ermenegildo Zegna by 11.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,247,702 shares of the company's stock valued at $167,060,000 after buying an additional 1,219,215 shares during the period. Northern Right Capital Management L.P. bought a new position in shares of Ermenegildo Zegna during the fourth quarter valued at about $7,311,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of Ermenegildo Zegna during the second quarter valued at about $7,403,000. Institutional investors own 12.91% of the company's stock.

About Ermenegildo Zegna

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.