Ermenegildo Zegna N.V. (NYSE:ZGN) Stock Has Consensus Price Target of $13.42

Shares of Ermenegildo Zegna N.V. (NYSE:ZGN – Get Free Report) have received a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $13.42.

ZGN has been the subject of several analyst reports. 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. Wall Street Zen cut shares of Ermenegildo Zegna from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Morgan Stanley set a $13.00 price objective on shares of Ermenegildo Zegna in a research note on Monday, September 7th. Weiss Ratings downgraded Ermenegildo Zegna from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 3rd. Finally, The Goldman Sachs Group lowered Ermenegildo Zegna from a “buy” rating to a “neutral” rating and raised their target price for the stock from $13.30 to $14.00 in a research report on Wednesday, June 17th.

View Our Latest Stock Report on ZGN

Hedge Funds Weigh In On Ermenegildo Zegna

A number of hedge funds have recently made changes to their positions in the stock. Osborne Partners Capital Management LLC boosted its holdings in Ermenegildo Zegna by 34.8% in the first quarter. Osborne Partners Capital Management LLC now owns 942,458 shares of the company’s stock valued at $9,820,000 after acquiring an additional 243,137 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its position in Ermenegildo Zegna by 82.3% during the 1st 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 purchasing an additional 160,078 shares during the period. Lombard Odier Asset Management USA Corp bought a new position in Ermenegildo Zegna during the 1st quarter worth approximately $1,198,000. Amundi bought a new position in Ermenegildo Zegna during the 1st quarter worth approximately $10,686,000. Finally, Wellington Management Group LLP acquired a new position in shares of Ermenegildo Zegna in the 2nd quarter worth approximately $1,890,000. 12.91% of the stock is currently owned by institutional investors.

Ermenegildo Zegna Stock Up 1.0%

NYSE:ZGN opened at $12.62 on Friday. The firm’s 50 day simple moving average is $13.36 and its 200 day simple moving average is $12.89. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 0.12. Ermenegildo Zegna has a one year low of $8.64 and a one year high of $15.95.

About Ermenegildo Zegna

(Get Free Report)

Ermenegildo Zegna Group is an Italy-based luxury goods company specializing in high-end menswear, tailoring, fabrics and accessories. Its product range includes suits, ready-to-wear clothing, footwear, leather goods and other lifestyle products, with a heritage rooted in the production of fine wool and luxury textiles.

The company was founded in 1910 by Ermenegildo Zegna in Trivero, Italy. It has developed from a textile manufacturer into a global luxury group with directly operated stores, wholesale distribution and digital commerce serving customers across Europe, North America, Asia and other international markets.

The group’s portfolio includes the ZEGNA brand, known for contemporary luxury menswear and made-to-measure services, as well as Thom Browne, a luxury fashion brand recognized for its distinctive American-inspired designs.

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Analyst Recommendations for Ermenegildo Zegna (NYSE:ZGN)

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