Ermenegildo Zegna N.V. $ZGN Shares Bought by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd boosted its holdings in shares of Ermenegildo Zegna N.V. (NYSE:ZGN) by 114.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,242,276 shares of the company’s stock after purchasing an additional 14,542,295 shares during the quarter. Ermenegildo Zegna makes up 0.9% of Temasek Holdings Private Ltd’s holdings, making the stock its 24th largest position. Temasek Holdings Private Ltd owned about 6.69% of Ermenegildo Zegna worth $257,440,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ZGN. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Ermenegildo Zegna during the 3rd quarter worth approximately $22,609,000. Artisan Partners Limited Partnership grew its stake in Ermenegildo Zegna by 1.2% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,123,543 shares of the company’s stock valued at $20,067,000 after acquiring an additional 24,894 shares during the period. Portolan Capital Management LLC increased its holdings in Ermenegildo Zegna by 15.6% in the 3rd quarter. Portolan Capital Management LLC now owns 1,369,176 shares of the company’s stock worth $12,939,000 after acquiring an additional 185,190 shares in the last quarter. Millennium Management LLC increased its holdings in Ermenegildo Zegna by 182.8% in the 1st quarter. Millennium Management LLC now owns 1,149,055 shares of the company’s stock worth $8,503,000 after acquiring an additional 742,680 shares in the last quarter. Finally, UBS Group AG raised its position in Ermenegildo Zegna by 18.6% during the third quarter. UBS Group AG now owns 773,453 shares of the company’s stock worth $7,309,000 after acquiring an additional 121,311 shares during the period. 12.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ZGN. Weiss Ratings reiterated a “hold (c)” rating on shares of Ermenegildo Zegna in a research report on Wednesday, January 21st. Morgan Stanley initiated coverage on shares of Ermenegildo Zegna in a research report on Thursday, February 12th. They set an “equal weight” rating and a $11.00 price target for the company. Sanford C. Bernstein assumed coverage on shares of Ermenegildo Zegna in a research note on Tuesday, November 25th. They issued an “outperform” rating and a $13.00 price target on the stock. Bank of America reiterated a “neutral” rating and set a $11.20 price objective (down from $11.50) on shares of Ermenegildo Zegna in a research note on Friday, January 16th. Finally, UBS Group raised Ermenegildo Zegna from a “neutral” rating to a “buy” rating and set a $11.50 target price for the company in a report on Thursday, February 5th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Ermenegildo Zegna presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.73.

Ermenegildo Zegna Stock Performance

Ermenegildo Zegna stock opened at $9.69 on Friday. The company has a fifty day simple moving average of $10.45 and a 200-day simple moving average of $10.07. The company has a quick ratio of 0.79, a current ratio of 1.42 and a debt-to-equity ratio of 0.18. Ermenegildo Zegna N.V. has a 52-week low of $6.05 and a 52-week high of $11.93.

Ermenegildo Zegna Profile

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.