BlackRock Fund Advisors has recently announced that it has increased stake in Ermenegildo Zegna N.V. (NYSE:ZGN) by 0.31%. After grabbing 1.88 million shares, the institutional investor is now in possession of 5745.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 0.77% having worth around $19.65 million. Moreover, SSgA Funds Management, Inc. increased its share by 0.1 million to have a control over 0.56 million shares. And Geode Capital Management LLC raised its holdings to 171.0 shares by acquiring 0.39 million shares or 0.16% of the stake.
Ermenegildo Zegna N.V. (ZGN) concluded trading on 01/18/23 at a closing price of $11.21, with 0.3 million shares of worth about $3.4 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.89% during that period and on Wednesday the price saw a gain of about 0.45%. Currently the company’s common shares owned by public are about 237.31M shares, out of which, 55.20M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Invesco Developing Markets Fund, T Rowe Price International Stock, and T Rowe Price International Discov are the top 3 mutual funds which are holding stakes in Ermenegildo Zegna N.V. Invesco Developing Markets Fund is currently holding 5.14 million shares of worth totaling $53.84 million. The company recently came buying 0.0 shares which brought its stake up to 2.12% of the company’s outstanding shares. T Rowe Price International Stock sold 27855.0 shares, after which its hold over company’s outstanding shares shrunk to 1.57%, leaving 3.8 million shares with the mutual fund that have a worth of about $39.83 million. T Rowe Price International Discov, after buying 3.06 million shares, have now control over 1.26% of the stake in the company. It holds 0.0 shares of worth $32.08 million.
Ermenegildo Zegna N.V. (NYSE: ZGN) started trading at $11.11, below -$0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 11.47, or with a gain of 0.45%. Stock saw a price change of 4.67% in past 5 days and over the past one month there was a price change of 6.36%. Year-to-date (YTD), ZGN shares are showing a performance of 7.07% which increased to 14.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.89 but also hit the highest price of $12.06 during that period. The average intraday trading volume for Ermenegildo Zegna N.V. shares is 167.41K. The stock is currently trading 6.25% above its 20-day simple moving average (SMA20), while that difference is up 3.62% for SMA50 and it goes to 5.84% higher than SMA200.
BlackRock Fund Advisors acquired 1.88 million shares of Ermenegildo Zegna N.V. having value of about $19.65 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 5745.0 shares in the company valued at close to $64401.45, or have control over 0.31% stake in the company. Ermenegildo Zegna N.V. (NYSE: ZGN) currently have 237.31M outstanding shares and institutions hold larger chunk of about 9.90% of that. Holding of mutual funds in the company is about 5.35% while other institutional holders and individual stake holders have control over 7.11% and — of the stake respectively.
The stock has a current market capitalization of $2.67B. It has posted earnings per share of -$0.67 in the same period. It has Quick Ratio of 1.10 while making debt-to-equity ratio of 1.58. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZGN, volatility over the week remained 2.95% while standing at 3.28% over the month.
Analysts are in expectations that Ermenegildo Zegna N.V. (ZGN) stock would likely to be making an EPS of $0.16 in the current quarter, while forecast for next quarter EPS is $0.06 and it is $0.44 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.16 which is $0.16 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -168.90% while it is estimated to increase by 39.40% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on September 20, 2022 offering a Buy rating for the stock and assigned a target price of $13 to it. Coverage by UBS stated Ermenegildo Zegna N.V. (ZGN) stock as a Neutral in their note to investors on April 29, 2022, suggesting a price target of $11 for the stock. On February 07, 2022, Goldman Initiated their recommendations, while on February 04, 2022, Deutsche Bank Initiated their ratings for the stock with a price target of $12.60.