Temasek Holdings Private Ltd Boosts Stake in Ermenegildo Zegna N.V. $ZGN

Temasek Holdings Private Ltd raised its stake in 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 (SEC). The fund owned 27,242,276 shares of the company’s stock after buying an additional 14,542,295 shares during the quarter. Ermenegildo Zegna comprises about 0.9% of Temasek Holdings Private Ltd’s portfolio, making the stock its 24th biggest holding. Temasek Holdings Private Ltd owned about 0.07% of Ermenegildo Zegna worth $257,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of ZGN. CWM LLC purchased a new stake in shares of Ermenegildo Zegna in the 3rd quarter valued at approximately $25,000. California State Teachers Retirement System acquired a new position in shares of Ermenegildo Zegna in the 2nd quarter worth approximately $33,000. Ameritas Investment Partners Inc. purchased a new position in shares of Ermenegildo Zegna during the 2nd quarter worth approximately $54,000. Lazard Asset Management LLC acquired a new stake in Ermenegildo Zegna in the 2nd quarter valued at approximately $54,000. Finally, Legal & General Group Plc acquired a new stake in Ermenegildo Zegna in the 2nd quarter valued at approximately $59,000. Hedge funds and other institutional investors own 12.91% of the company’s stock.

Ermenegildo Zegna Stock Down 3.6%

Shares of NYSE:ZGN opened at $9.69 on Friday. The company’s fifty day moving average price is $10.45 and its 200 day moving average price is $10.07. 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 1.42, a quick ratio of 0.79 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

Several research analysts recently commented on the company. Bank of America reissued a “neutral” rating and set a $11.20 target price (down from $11.50) on shares of Ermenegildo Zegna in a research note on Friday, January 16th. Sanford C. Bernstein started coverage on Ermenegildo Zegna in a research report on Tuesday, November 25th. They issued an “outperform” rating and a $13.00 price target on the stock. UBS Group upgraded Ermenegildo Zegna from a “neutral” rating to a “buy” rating and set a $11.50 price objective for the company in a research note on Thursday, February 5th. Weiss Ratings restated a “hold (c)” rating on shares of Ermenegildo Zegna in a research note on Wednesday, January 21st. Finally, Morgan Stanley began coverage on shares of Ermenegildo Zegna in a report on Thursday, February 12th. They issued an “equal weight” rating and a $11.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Ermenegildo Zegna currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.73.

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.