Invesco Ltd. lifted its holdings 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 & Exchange Commission. The fund owned 6,386,184 shares of the company's stock after purchasing an additional 581,696 shares during the quarter. Invesco Ltd. owned approximately 1.58% of Ermenegildo Zegna worth $52,750,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZGN. SBI Securities Co. Ltd. bought a new position in Ermenegildo Zegna during the fourth quarter worth about $28,000. Entropy Technologies LP acquired a new stake in shares of Ermenegildo Zegna during the 4th quarter worth about $84,000. Verition Fund Management LLC bought a new position in Ermenegildo Zegna during the 3rd quarter valued at about $149,000. Dynamic Technology Lab Private Ltd acquired a new position in Ermenegildo Zegna in the fourth quarter valued at about $151,000. Finally, Next Capital Management LLC acquired a new stake in shares of Ermenegildo Zegna during the fourth quarter worth approximately $151,000. 12.91% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
ZGN has been the topic of several research analyst reports. Bank of America raised shares of Ermenegildo Zegna from a "neutral" rating to a "buy" rating and decreased their price target for the company from $9.40 to $8.90 in a research note on Thursday, January 16th. TD Cowen started coverage on Ermenegildo Zegna in a research note on Tuesday, February 18th. They issued a "hold" rating and a $10.00 target price for the company.
View Our Latest Stock Report on ZGN
Ermenegildo Zegna Stock Performance
Shares of NYSE:ZGN traded up $0.06 during trading on Friday, reaching $6.92. 619,157 shares of the stock were exchanged, compared to its average volume of 657,727. Ermenegildo Zegna has a 12 month low of $6.05 and a 12 month high of $13.36. The stock has a 50-day moving average price of $7.63 and a 200-day moving average price of $8.05. 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 firm has a market cap of $2.82 billion, a PE ratio of 13.05 and a beta of 0.73.
Ermenegildo Zegna Profile
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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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