Ermenegildo Zegna N.V. (NYSE:ZGN – Get Free Report) CEO Gianluca Ambrogio Tagliabue sold 19,105 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $13.12, for a total value of $250,657.60. Following the transaction, the chief executive officer directly owned 167,720 shares in the company, valued at $2,200,486.40. This represents a 10.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Ermenegildo Zegna Price Performance
ZGN stock traded down $0.67 on Monday, reaching $12.49. 163,688 shares of the company’s stock were exchanged, compared to its average volume of 751,829. The stock has a fifty day moving average of $11.00 and a 200-day moving average of $10.56. Ermenegildo Zegna N.V. has a twelve month low of $7.61 and a twelve month high of $13.38. The company has a current ratio of 1.59, a quick ratio of 0.91 and a debt-to-equity ratio of 0.15.
Ermenegildo Zegna (NYSE:ZGN – Get Free Report) last announced its quarterly earnings data on Friday, March 20th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). The company had revenue of $577.83 million during the quarter, compared to analysts’ expectations of $1.17 billion. On average, analysts predict that Ermenegildo Zegna N.V. will post 0.46 EPS for the current year.
Ermenegildo Zegna Cuts Dividend
Analysts Set New Price Targets
A number of analysts have commented on ZGN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Ermenegildo Zegna in a research report on Monday, April 20th. Morgan Stanley began coverage on Ermenegildo Zegna in a research report on Thursday, February 12th. They issued an “equal weight” rating and a $11.00 price objective on the stock. Wall Street Zen upgraded Ermenegildo Zegna from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America restated a “neutral” rating and issued a $11.20 price objective (down from $11.50) on shares of Ermenegildo Zegna in a research report on Friday, January 16th. Finally, TD Cowen upped their price objective on Ermenegildo Zegna from $11.00 to $13.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Ermenegildo Zegna presently has a consensus rating of “Moderate Buy” and an average price target of $12.26.
Check Out Our Latest Analysis on Ermenegildo Zegna
Hedge Funds Weigh In On Ermenegildo Zegna
Large investors have recently added to or reduced their stakes in the business. Vident Advisory LLC increased its stake in Ermenegildo Zegna by 6.5% during the fourth quarter. Vident Advisory LLC now owns 18,001 shares of the company’s stock worth $185,000 after acquiring an additional 1,097 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in Ermenegildo Zegna by 12.9% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 11,583 shares of the company’s stock worth $109,000 after purchasing an additional 1,323 shares in the last quarter. Deutsche Bank AG increased its position in Ermenegildo Zegna by 3.3% during the 4th quarter. Deutsche Bank AG now owns 57,477 shares of the company’s stock worth $589,000 after purchasing an additional 1,822 shares in the last quarter. CWM LLC acquired a new stake in Ermenegildo Zegna during the 3rd quarter worth approximately $25,000. Finally, Tower Research Capital LLC TRC increased its position in Ermenegildo Zegna by 73.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,146 shares of the company’s stock worth $61,000 after purchasing an additional 3,033 shares in the last quarter. 12.91% of the stock is currently owned by hedge funds and other institutional investors.
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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