Ermenegildo Zegna N.V. (NYSE:ZGN) Stock Has Consensus Price Target of $13.76

Shares of Ermenegildo Zegna N.V. (NYSE:ZGN) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $13.76.

Several brokerages recently commented on ZGN. BNP Paribas Exane cut Ermenegildo Zegna from a “neutral” rating to an “underperform” rating and set a $12.20 price target for the company. in a research note on Tuesday, August 11th. Morgan Stanley set a $13.00 price target on shares of Ermenegildo Zegna in a research note on Monday, September 7th. Wall Street Zen cut Ermenegildo Zegna from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. TD Cowen lowered their target price on shares of Ermenegildo Zegna from $17.00 to $15.00 and set a “buy” rating for the company in a report on Friday, September 4th. Finally, Weiss Ratings downgraded Ermenegildo Zegna from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 3rd.

Ermenegildo Zegna Price Performance

Shares of NYSE ZGN opened at $12.76 on Tuesday. The business has a fifty day simple moving average of $12.83 and a 200-day simple moving average of $13.13. Ermenegildo Zegna has a 12 month low of $8.65 and a 12 month high of $15.95. The company has a quick ratio of 0.80, a current ratio of 1.47 and a debt-to-equity ratio of 0.12.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Ermenegildo Zegna by 48.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,788 shares of the company’s stock valued at $29,000 after purchasing an additional 908 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Ermenegildo Zegna by 216.9% during the third quarter. GAMMA Investing LLC now owns 3,740 shares of the company’s stock worth $47,000 after buying an additional 2,560 shares in the last quarter. State of Wyoming bought a new position in shares of Ermenegildo Zegna during the first quarter valued at $150,000. Handelsbanken Fonder AB increased its position in shares of Ermenegildo Zegna by 21.9% during the second quarter. Handelsbanken Fonder AB now owns 37,800 shares of the company’s stock worth $492,000 after buying an additional 6,800 shares during the period. Finally, Central Pacific Bank Trust Division increased its stake in shares of Ermenegildo Zegna by 28.1% in the 2nd quarter. Central Pacific Bank Trust Division now owns 43,302 shares of the company’s stock valued at $564,000 after acquiring an additional 9,492 shares in the last quarter. 12.91% of the stock is currently owned by institutional investors.

Ermenegildo Zegna Company Profile

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.