Ermenegildo Zegna N.V. $ZGN Shares Acquired by QVIDTVM Management LLC

QVIDTVM Management LLC raised its position in Ermenegildo Zegna N.V. (NYSE:ZGN) by 2.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 431,095 shares of the company’s stock after purchasing an additional 10,966 shares during the period. Ermenegildo Zegna accounts for approximately 3.7% of QVIDTVM Management LLC’s portfolio, making the stock its 7th largest position. QVIDTVM Management LLC’s holdings in Ermenegildo Zegna were worth $3,686,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in Ermenegildo Zegna by 22.7% during the first quarter. Goldman Sachs Group Inc. now owns 134,503 shares of the company’s stock worth $995,000 after buying an additional 24,862 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Ermenegildo Zegna during the 1st quarter valued at about $1,036,000. Nuveen LLC bought a new stake in shares of Ermenegildo Zegna during the 1st quarter valued at about $1,498,000. Cubist Systematic Strategies LLC grew its stake in Ermenegildo Zegna by 399.1% during the first quarter. Cubist Systematic Strategies LLC now owns 419,379 shares of the company’s stock worth $3,103,000 after purchasing an additional 335,350 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in Ermenegildo Zegna in the second quarter worth approximately $377,000. 12.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZGN has been the topic of a number of research analyst reports. UBS Group increased their price target on Ermenegildo Zegna from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. JPMorgan Chase & Co. started coverage on shares of Ermenegildo Zegna in a research report on Monday, September 15th. They set an “overweight” rating and a $11.00 target price on the stock. Bank of America raised their price target on shares of Ermenegildo Zegna from $9.50 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Jefferies Financial Group started coverage on shares of Ermenegildo Zegna in a research note on Tuesday, October 14th. They issued a “buy” rating and a $12.90 price target for the company. Finally, Oddo Bhf set a $11.50 target price on Ermenegildo Zegna in a research note on Wednesday, September 17th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.37.

Ermenegildo Zegna Stock Performance

ZGN opened at $9.78 on Monday. Ermenegildo Zegna N.V. has a 1-year low of $6.05 and a 1-year high of $10.70. The company’s fifty day moving average price is $9.76 and its two-hundred day moving average price is $8.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.79 and a current ratio of 1.42.

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.