Matauro LLC Invests $2.10 Million in Ermenegildo Zegna N.V. $ZGN

Matauro LLC acquired a new position in Ermenegildo Zegna N.V. (NYSE:ZGN) during the fourth quarter, Holdings Channel reports. The firm acquired 204,757 shares of the company’s stock, valued at approximately $2,099,000.

Several other large investors also recently added to or reduced their stakes in ZGN. Millennium Management LLC grew its position in Ermenegildo Zegna by 182.8% during the first quarter. Millennium Management LLC now owns 1,149,055 shares of the company’s stock worth $8,503,000 after buying an additional 742,680 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Ermenegildo Zegna by 22.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 134,503 shares of the company’s stock valued at $995,000 after acquiring an additional 24,862 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Ermenegildo Zegna during the 1st quarter valued at about $1,161,000. Geode Capital Management LLC purchased a new position in shares of Ermenegildo Zegna during the second quarter worth about $6,245,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Ermenegildo Zegna by 59,691.8% during the second quarter. JPMorgan Chase & Co. now owns 29,298 shares of the company’s stock worth $250,000 after purchasing an additional 29,249 shares in the last quarter. Institutional investors own 12.91% of the company’s stock.

Wall Street Analyst Weigh In

ZGN has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ermenegildo Zegna in a research note on Wednesday, January 21st. Morgan Stanley started coverage on shares of Ermenegildo Zegna in a research note on Thursday, February 12th. They issued an “equal weight” rating and a $11.00 price target for the company. UBS Group raised shares of Ermenegildo Zegna from a “neutral” rating to a “buy” rating and set a $11.50 price target on the stock in a report on Thursday, February 5th. Finally, Bank of America restated a “neutral” rating and set a $11.20 price objective (down from $11.50) on shares of Ermenegildo Zegna in a research report on Friday, January 16th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.73.

Ermenegildo Zegna Price Performance

ZGN opened at $10.90 on Thursday. The stock has a 50-day moving average price of $10.33 and a 200-day moving average price of $10.20. Ermenegildo Zegna N.V. has a 12-month low of $6.05 and a 12-month high of $11.93. The company has a current ratio of 1.59, a quick ratio of 0.91 and a debt-to-equity ratio of 0.15.

Ermenegildo Zegna (NYSE:ZGN) last announced its quarterly earnings data on Friday, March 20th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). The company had revenue of $577.83 million during the quarter, compared to the consensus estimate of $1.17 billion. As a group, equities analysts expect that Ermenegildo Zegna N.V. will post 0.35 EPS for the current year.

About Ermenegildo Zegna

Ermenegildo Zegna is a global luxury fashion house specializing in men’s tailored clothing, casualwear, accessories, footwear and fragrances. With a focus on high-quality fabrics and craftsmanship, the company manages the entire value chain from wool sourcing and textile production to garment design, manufacturing and retail distribution.

Founded in 1910 by Ermenegildo Zegna in Trivero, Italy, the company began as a textile mill dedicated to producing fine wool fabrics. Over the decades it expanded into ready-to-wear clothing and built a reputation for sartorial excellence.