Price T Rowe Associates Inc. MD lowered its position in shares of Ermenegildo Zegna (NYSE:ZGN - Free Report) by 67.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,720,619 shares of the company's stock after selling 7,726,034 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.92% of Ermenegildo Zegna worth $30,733,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Alpine Investment Management Ltd purchased a new stake in Ermenegildo Zegna during the 4th quarter valued at about $7,100,000. Invesco Ltd. boosted its stake in shares of Ermenegildo Zegna by 10.0% in the 4th quarter. Invesco Ltd. now owns 6,386,184 shares of the company's stock worth $52,750,000 after buying an additional 581,696 shares during the last quarter. Portolan Capital Management LLC bought a new stake in shares of Ermenegildo Zegna during the 4th quarter valued at about $3,351,000. FIL Ltd increased its holdings in Ermenegildo Zegna by 18.0% during 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 last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Ermenegildo Zegna in the 4th quarter worth $1,907,000. Institutional investors own 12.91% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on ZGN shares. TD Cowen began coverage on shares of Ermenegildo Zegna in a research note on Tuesday, February 18th. They set a "hold" rating and a $10.00 target price on the stock. Bank of America raised shares of Ermenegildo Zegna from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $9.40 to $8.90 in a report on Thursday, January 16th.
View Our Latest Report on ZGN
Ermenegildo Zegna Price Performance
Shares of Ermenegildo Zegna stock traded up $0.21 on Monday, hitting $8.15. 2,936,935 shares of the company traded hands, compared to its average volume of 681,253. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.79 and a current ratio of 1.41. The business has a 50-day simple moving average of $7.39 and a 200 day simple moving average of $7.97. Ermenegildo Zegna has a 52 week low of $6.05 and a 52 week high of $13.36. The stock has a market capitalization of $3.32 billion, a P/E ratio of 15.39 and a beta of 0.72.
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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