Shares of Ermenegildo Zegna N.V. (NYSE:ZGN – Get Free Report) have been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.13.
Several equities research analysts have recently issued reports on ZGN shares. The Goldman Sachs Group cut shares of Ermenegildo Zegna from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $13.30 to $14.00 in a research report on Wednesday, June 17th. TD Cowen increased their target price on Ermenegildo Zegna from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, July 24th. UBS Group restated a “buy” rating and issued a $14.50 price target on shares of Ermenegildo Zegna in a research note on Friday, May 1st. BNP Paribas Exane downgraded Ermenegildo Zegna from a “neutral” rating to an “underperform” rating and set a $12.20 price target for the company. in a report on Tuesday. Finally, Wall Street Zen raised Ermenegildo Zegna from a “hold” rating to a “buy” rating in a research report on Tuesday, July 28th.
Get Our Latest Stock Analysis on ZGN
Ermenegildo Zegna Stock Performance
Institutional Investors Weigh In On Ermenegildo Zegna
Institutional investors have recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Ermenegildo Zegna by 74.6% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,177,804 shares of the company’s stock valued at $42,822,000 after purchasing an additional 1,785,266 shares during the last quarter. Millennium Management LLC lifted its position in shares of Ermenegildo Zegna by 73.7% during the 4th quarter. Millennium Management LLC now owns 1,188,887 shares of the company’s stock worth $12,186,000 after buying an additional 504,546 shares during the last quarter. Amundi purchased a new stake in shares of Ermenegildo Zegna during the 1st quarter worth approximately $10,686,000. Osborne Partners Capital Management LLC boosted its holdings in shares of Ermenegildo Zegna by 34.8% in the 1st quarter. Osborne Partners Capital Management LLC now owns 942,458 shares of the company’s stock valued at $9,820,000 after buying an additional 243,137 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Ermenegildo Zegna by 3.2% in the 4th quarter. State Street Corp now owns 878,867 shares of the company’s stock valued at $9,014,000 after buying an additional 27,336 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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