Ermenegildo Zegna N.V. (NYSE:ZGN – Get Free Report) CFO Gian Franco Santhia sold 5,768 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $13.12, for a total transaction of $75,676.16. Following the sale, the chief financial officer owned 44,448 shares in the company, valued at $583,157.76. The trade was a 11.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Ermenegildo Zegna Stock Performance
Shares of NYSE ZGN traded down $0.67 during trading on Monday, hitting $12.49. 163,688 shares of the company were exchanged, compared to its average volume of 751,829. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.59 and a quick ratio of 0.91. Ermenegildo Zegna N.V. has a 1 year low of $7.61 and a 1 year high of $13.38. The firm’s fifty day moving average price is $11.00 and its 200 day moving average price is $10.56.
Ermenegildo Zegna (NYSE:ZGN – Get Free Report) last released its quarterly earnings results on Friday, March 20th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.11). The firm had revenue of $577.83 million during the quarter, compared to analyst estimates of $1.17 billion. As a group, analysts anticipate that Ermenegildo Zegna N.V. will post 0.46 EPS for the current year.
Ermenegildo Zegna Cuts Dividend
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. UBS Group reaffirmed a “buy” rating and set a $14.50 price objective on shares of Ermenegildo Zegna in a research note on Friday, May 1st. Bank of America reiterated a “neutral” rating and set a $11.20 target price (down from $11.50) on shares of Ermenegildo Zegna in a report on Friday, January 16th. Morgan Stanley assumed coverage on Ermenegildo Zegna in a report on Thursday, February 12th. They set an “equal weight” rating and a $11.00 target price for the company. Wall Street Zen upgraded Ermenegildo Zegna from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ermenegildo Zegna in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Ermenegildo Zegna presently has an average rating of “Moderate Buy” and an average price target of $12.26.
Check Out Our Latest Report on Ermenegildo Zegna
Hedge Funds Weigh In On Ermenegildo Zegna
Institutional investors and hedge funds have recently bought and sold shares of the stock. Vident Advisory LLC raised its position in shares of Ermenegildo Zegna by 6.5% during the 4th quarter. Vident Advisory LLC now owns 18,001 shares of the company’s stock valued at $185,000 after acquiring an additional 1,097 shares in the last quarter. Orion Porfolio Solutions LLC raised its position in shares of Ermenegildo Zegna by 12.9% during 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 raised its position in shares of Ermenegildo Zegna by 3.3% during 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 during the 3rd quarter valued at approximately $25,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Ermenegildo Zegna by 73.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,146 shares of the company’s stock valued at $61,000 after acquiring an additional 3,033 shares in the last quarter. Hedge funds and other institutional investors own 12.91% of the company’s stock.
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.
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