Ermenegildo Zegna N.V. (NYSE:ZGN) Receives $11.73 Consensus Target Price from Analysts

Shares of Ermenegildo Zegna N.V. (NYSE:ZGN) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $11.7286.

ZGN has been the subject of several research analyst reports. Sanford C. Bernstein assumed coverage on Ermenegildo Zegna in a research report on Tuesday, November 25th. They issued an “outperform” rating and a $13.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ermenegildo Zegna in a research note on Wednesday, January 21st. Bank of America reiterated a “neutral” rating and issued a $11.20 price target (down from $11.50) on shares of Ermenegildo Zegna in a report on Friday, January 16th. Morgan Stanley assumed coverage on shares of Ermenegildo Zegna in a research note on Thursday, February 12th. They issued an “equal weight” rating and a $11.00 price objective for the company. Finally, UBS Group raised shares of Ermenegildo Zegna from a “neutral” rating to a “buy” rating and set a $11.50 price objective on the stock in a report on Thursday, February 5th.

Ermenegildo Zegna Price Performance

Ermenegildo Zegna stock opened at $9.69 on Monday. The stock’s 50 day moving average price is $10.45 and its 200 day moving average price is $10.07. 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 quick ratio of 0.79 and a current ratio of 1.42.

Institutional Investors Weigh In On Ermenegildo Zegna

Several institutional investors have recently modified their holdings of ZGN. CWM LLC acquired a new stake in shares of Ermenegildo Zegna in the 3rd quarter worth approximately $25,000. California State Teachers Retirement System acquired a new position in Ermenegildo Zegna during the second quarter worth $33,000. Caitong International Asset Management Co. Ltd raised its holdings in Ermenegildo Zegna by 11,382.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,904 shares of the company’s stock worth $40,000 after purchasing an additional 3,870 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Ermenegildo Zegna during the second quarter worth $54,000. Finally, Lazard Asset Management LLC purchased a new stake in Ermenegildo Zegna during the second quarter worth $54,000. Hedge funds and other institutional investors own 12.91% of the company’s stock.

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.