Barrow Hanley Mewhinney & Strauss LLC Acquires Shares of 2,392,538 Ermenegildo Zegna N.V. $ZGN

Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Ermenegildo Zegna N.V. (NYSE:ZGN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,392,538 shares of the company’s stock, valued at approximately $22,609,000. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.59% of Ermenegildo Zegna at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Temasek Holdings Private Ltd purchased a new position in Ermenegildo Zegna in the second quarter valued at about $108,585,000. Artisan Partners Limited Partnership raised its position in shares of 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 purchasing an additional 24,894 shares in the last quarter. Millennium Management LLC raised its position in shares of Ermenegildo Zegna by 182.8% in the 1st quarter. Millennium Management LLC now owns 1,149,055 shares of the company’s stock valued at $8,503,000 after purchasing an additional 742,680 shares in the last quarter. Geode Capital Management LLC purchased a new position in shares of Ermenegildo Zegna during the 2nd quarter valued at approximately $6,245,000. Finally, Osborne Partners Capital Management LLC boosted its stake in shares of Ermenegildo Zegna by 1.0% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 717,646 shares of the company’s stock valued at $6,782,000 after buying an additional 7,408 shares during the last quarter. 12.91% of the stock is owned by hedge funds and other institutional investors.

Ermenegildo Zegna Stock Down 1.5%

NYSE:ZGN opened at $10.56 on Thursday. Ermenegildo Zegna N.V. has a 52 week low of $6.05 and a 52 week high of $11.93. The company has a quick ratio of 0.79, a current ratio of 1.42 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average of $10.47 and a 200-day moving average of $10.06.

Analyst Ratings Changes

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

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.