Ermenegildo Zegna’s (ZGN) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of Ermenegildo Zegna (NYSE:ZGN) in a research note published on Wednesday,Weiss Ratings reports.

ZGN has been the subject of a number of other reports. JPMorgan Chase & Co. assumed coverage on Ermenegildo Zegna in a research note on Monday, September 15th. They set an “overweight” rating and a $11.00 target price for the company. Oddo Bhf set a $11.50 target price on Ermenegildo Zegna in a research note on Wednesday, September 17th. UBS Group raised Ermenegildo Zegna to a “hold” rating in a research note on Monday, September 8th. Finally, Bank of America increased their target price on Ermenegildo Zegna from $9.50 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.94.

Ermenegildo Zegna Stock Down 8.9%

ZGN opened at $8.85 on Wednesday. The business has a 50 day moving average price of $8.80 and a two-hundred day moving average price of $8.42. 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 company has a market cap of $3.61 billion, a PE ratio of 16.70, a P/E/G ratio of 2.24 and a beta of 0.75. Ermenegildo Zegna has a 52 week low of $6.05 and a 52 week high of $10.38.

Institutional Investors Weigh In On Ermenegildo Zegna

A number of institutional investors and hedge funds have recently modified their holdings of ZGN. California State Teachers Retirement System acquired a new stake in shares of Ermenegildo Zegna in the 2nd quarter worth approximately $33,000. Quarry LP acquired a new stake in shares of Ermenegildo Zegna during the first quarter worth $43,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Ermenegildo Zegna during the second quarter worth $54,000. Lazard Asset Management LLC acquired a new stake in shares of Ermenegildo Zegna during the second quarter worth $54,000. Finally, Legal & General Group Plc purchased a new position in shares of Ermenegildo Zegna in the 2nd quarter worth $59,000. Institutional investors and hedge funds own 12.91% of the company’s stock.

Ermenegildo Zegna Company Profile

Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances.