Ermenegildo Zegna N.V. (ZGN) – What Are Investment Firms Thinking About This Stock?

Shares of Ermenegildo Zegna N.V. (NYSE:ZGN) have earned an average rating of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $13.76.

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Ermenegildo Zegna from $12.50 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. BNP Paribas Exane lowered Ermenegildo Zegna from a “neutral” rating to an “underperform” rating and set a $12.20 price target for the company. in a research report on Tuesday, August 11th. UBS Group cut their price target on Ermenegildo Zegna from $15.50 to $15.40 and set a “buy” rating on the stock in a report on Monday, October 5th. TD Cowen decreased their target price on Ermenegildo Zegna from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, September 4th. Finally, Morgan Stanley set a $13.00 target price on shares of Ermenegildo Zegna in a research note on Monday, September 7th.

Institutional Trading of Ermenegildo Zegna

Several large investors have recently bought and sold shares of ZGN. Amundi purchased a new position in shares of Ermenegildo Zegna during the 1st quarter worth approximately $10,686,000. Walleye Capital LLC lifted its holdings in shares of Ermenegildo Zegna by 1,938.7% during the 1st quarter. Walleye Capital LLC now owns 665,851 shares of the company’s stock valued at $6,938,000 after acquiring an additional 633,191 shares in the last quarter. Bank of America Corp DE grew its position in Ermenegildo Zegna by 483.2% in the first quarter. Bank of America Corp DE now owns 583,360 shares of the company’s stock valued at $6,079,000 after acquiring an additional 483,332 shares in the last quarter. Osborne Partners Capital Management LLC increased its position in shares of Ermenegildo Zegna by 34.8% during the first quarter. Osborne Partners Capital Management LLC now owns 942,458 shares of the company’s stock worth $9,820,000 after acquiring an additional 243,137 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its holdings in Ermenegildo Zegna by 82.3% in the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 354,608 shares of the company’s stock valued at $3,695,000 after acquiring an additional 160,078 shares in the last quarter. Institutional investors and hedge funds own 12.91% of the company’s stock.

Ermenegildo Zegna Trading Down 1.1%

ZGN stock opened at $12.76 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.80 and a current ratio of 1.47. The firm’s fifty day moving average is $12.83 and its 200 day moving average is $13.13. Ermenegildo Zegna has a one year low of $8.65 and a one year high of $15.95.

About Ermenegildo Zegna

Ermenegildo Zegna N.V. is a global luxury-goods group specializing in menswear, accessories and related lifestyle products. Its portfolio includes the Zegna brand, known for tailored clothing, ready-to-wear apparel, footwear, leather goods and fabrics, as well as Thom Browne, a luxury fashion brand offering menswear, womenswear, accessories and footwear.

The company also operates the TOM FORD FASHION business, which includes luxury apparel, accessories and footwear under the TOM FORD brand.