Ermenegildo Zegna N.V. (NYSE:ZGN) Given Average Rating of “Hold” by Analysts

Shares of Ermenegildo Zegna N.V. (NYSE:ZGN) have been given an average rating of “Hold” by the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $13.13.

Several analysts have recently issued reports on ZGN shares. JPMorgan Chase & Co. upped their price target on Ermenegildo Zegna from $12.50 to $14.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. Wall Street Zen downgraded Ermenegildo Zegna from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings upgraded shares of Ermenegildo Zegna from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. BNP Paribas Exane lowered shares of Ermenegildo Zegna from a “neutral” rating to an “underperform” rating and set a $12.20 target price on the stock. in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group cut shares of Ermenegildo Zegna from a “buy” rating to a “neutral” rating and upped their price target for the company from $13.30 to $14.00 in a report on Wednesday, June 17th.

Ermenegildo Zegna Price Performance

Ermenegildo Zegna stock opened at $13.75 on Monday. Ermenegildo Zegna has a one year low of $8.23 and a one year high of $15.95. The company’s fifty day moving average price is $13.88 and its two-hundred day moving average price is $12.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.59 and a quick ratio of 0.91.

Institutional Trading of Ermenegildo Zegna

Several hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC grew its holdings in Ermenegildo Zegna by 182.8% in the 1st quarter. Millennium Management LLC now owns 1,149,055 shares of the company’s stock valued at $8,503,000 after buying an additional 742,680 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Ermenegildo Zegna by 22.7% during the first quarter. Goldman Sachs Group Inc. now owns 134,503 shares of the company’s stock worth $995,000 after buying an additional 24,862 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Ermenegildo Zegna in the first quarter valued at approximately $1,161,000. Geode Capital Management LLC acquired a new stake in shares of Ermenegildo Zegna in the second quarter worth $6,245,000. Finally, JPMorgan Chase & Co. raised its stake in Ermenegildo Zegna by 59,691.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 29,298 shares of the company’s stock valued at $250,000 after purchasing an additional 29,249 shares during the last quarter. Institutional investors own 12.91% of the company’s stock.

About Ermenegildo Zegna

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.