Ermenegildo Zegna N.V. (NYSE:ZGN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Ermenegildo Zegna N.V. (NYSE:ZGN) have earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $9.94.

ZGN has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Ermenegildo Zegna in a report on Wednesday. UBS Group raised shares of Ermenegildo Zegna to a “hold” rating in a report on Monday, September 8th. Oddo Bhf set a $11.50 target price on shares of Ermenegildo Zegna in a report on Wednesday, September 17th. JPMorgan Chase & Co. initiated coverage on shares of Ermenegildo Zegna in a report on Monday, September 15th. They set an “overweight” rating and a $11.00 target price for the company. Finally, Bank of America raised their target price on shares of Ermenegildo Zegna from $9.50 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd.

Institutional Trading of Ermenegildo Zegna

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in shares of Ermenegildo Zegna by 73.7% in the second quarter. Tower Research Capital LLC TRC now owns 7,146 shares of the company’s stock valued at $61,000 after purchasing an additional 3,033 shares during the period. California State Teachers Retirement System acquired a new stake in shares of Ermenegildo Zegna in the second quarter valued at about $33,000. Savant Capital LLC grew its position in shares of Ermenegildo Zegna by 36.0% in the second quarter. Savant Capital LLC now owns 14,957 shares of the company’s stock valued at $128,000 after purchasing an additional 3,961 shares during the period. Quadrature Capital Ltd grew its position in shares of Ermenegildo Zegna by 42.5% in the second quarter. Quadrature Capital Ltd now owns 18,615 shares of the company’s stock valued at $159,000 after purchasing an additional 5,555 shares during the period. Finally, Quarry LP acquired a new stake in shares of Ermenegildo Zegna in the first quarter valued at about $43,000. Institutional investors and hedge funds own 12.91% of the company’s stock.

Ermenegildo Zegna Trading Down 3.9%

Shares of Ermenegildo Zegna stock opened at $9.73 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.42 and a quick ratio of 0.79. The firm has a fifty day moving average price of $8.78 and a 200 day moving average price of $8.41. Ermenegildo Zegna has a 1 year low of $6.05 and a 1 year high of $10.38. The stock has a market cap of $3.96 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 2.34 and a beta of 0.75.

About Ermenegildo Zegna

Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances.