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

Shares of Ermenegildo Zegna N.V. (NYSE:ZGN) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $11.7286.

ZGN has been the topic of a number of research analyst reports. UBS Group upgraded Ermenegildo Zegna from a “neutral” rating to a “buy” rating and set a $11.50 price target on the stock in a research note on Thursday, February 5th. Morgan Stanley initiated coverage on Ermenegildo Zegna in a research note on Thursday, February 12th. They issued an “equal weight” rating and a $11.00 price target on the stock. Bank of America restated a “neutral” rating and issued a $11.20 price target (down from $11.50) on shares of Ermenegildo Zegna in a research note on Friday, January 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ermenegildo Zegna in a research note on Wednesday, January 21st.

Ermenegildo Zegna Stock Performance

NYSE ZGN opened at $10.38 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.59 and a quick ratio of 0.91. Ermenegildo Zegna has a 12 month low of $6.05 and a 12 month high of $11.93. The stock has a 50 day moving average of $10.40 and a 200-day moving average of $10.24.

Ermenegildo Zegna (NYSE:ZGN) last released its quarterly earnings data on Friday, March 20th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.11). The firm had revenue of $577.83 million during the quarter, compared to the consensus estimate of $1.17 billion. As a group, equities analysts expect that Ermenegildo Zegna will post 0.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ermenegildo Zegna

Large investors have recently added to or reduced their stakes in the business. CWM LLC bought a new stake in Ermenegildo Zegna in the 3rd quarter valued at $25,000. California State Teachers Retirement System bought a new position in Ermenegildo Zegna during the 2nd quarter worth $33,000. Caitong International Asset Management Co. Ltd increased its position in Ermenegildo Zegna by 11,382.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,904 shares of the company’s stock worth $40,000 after buying an additional 3,870 shares during the period. Ameritas Investment Partners Inc. bought a new position in Ermenegildo Zegna during the 2nd quarter worth $54,000. Finally, Lazard Asset Management LLC bought a new position in Ermenegildo Zegna during the 2nd quarter worth $54,000. 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.