Brokerages Set Ermenegildo Zegna N.V. (NYSE:ZGN) Price Target at $11.59

Shares of Ermenegildo Zegna N.V. (NYSE:ZGN) have been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $11.7286.

Several analysts have commented on ZGN shares. Weiss Ratings restated a “hold (c)” rating on shares of Ermenegildo Zegna in a report on Wednesday, January 21st. Morgan Stanley began 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 on the stock. Bank of America reaffirmed a “neutral” rating and issued 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 began coverage on Ermenegildo Zegna in a research note on Tuesday, November 25th. They issued an “outperform” rating and a $13.00 price target on the stock. Finally, UBS Group upgraded 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.

Ermenegildo Zegna Stock Down 4.7%

NYSE:ZGN opened at $11.28 on Thursday. Ermenegildo Zegna has a 1 year low of $6.05 and a 1 year high of $11.93. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.42 and a quick ratio of 0.79. The stock has a 50-day moving average price of $10.28 and a two-hundred day moving average price of $9.74.

Institutional Trading of Ermenegildo Zegna

A number of hedge funds and other institutional investors have recently made changes to their positions in ZGN. Vident Advisory LLC grew its position in Ermenegildo Zegna by 6.5% in the fourth quarter. Vident Advisory LLC now owns 18,001 shares of the company’s stock valued at $185,000 after purchasing an additional 1,097 shares in the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of Ermenegildo Zegna by 12.9% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 11,583 shares of the company’s stock valued at $109,000 after acquiring an additional 1,323 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Ermenegildo Zegna by 3.3% in the 4th quarter. Deutsche Bank AG now owns 57,477 shares of the company’s stock valued at $589,000 after acquiring an additional 1,822 shares in the last quarter. CWM LLC acquired a new stake in shares of Ermenegildo Zegna in the third quarter valued at about $25,000. Finally, Tower Research Capital LLC TRC raised its holdings in Ermenegildo Zegna by 73.7% during the second quarter. Tower Research Capital LLC TRC now owns 7,146 shares of the company’s stock worth $61,000 after acquiring an additional 3,033 shares in the last quarter. 12.91% of the stock is currently owned by institutional investors and hedge funds.

Ermenegildo Zegna Company 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.