Ermenegildo Zegna (NYSE:ZGN) Now Covered by TD Cowen

TD Cowen assumed coverage on shares of Ermenegildo Zegna (NYSE:ZGN) in a research report issued on Friday, Zacks reports. The firm set a “strong-buy” rating on the stock.

A number of other research analysts also recently issued reports on the stock. Morgan Stanley set a $13.00 target price on shares of Ermenegildo Zegna in a research report on Monday, September 7th. BNP Paribas Exane cut shares of Ermenegildo Zegna from a “neutral” rating to an “underperform” rating and set a $12.20 price target for the company. in a report on Tuesday, August 11th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Ermenegildo Zegna in a research note on Sunday, October 4th. Weiss Ratings downgraded shares of Ermenegildo Zegna from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 3rd. Finally, HSBC began coverage on Ermenegildo Zegna in a research note on Tuesday, October 6th. They issued a “buy” rating and a $16.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ermenegildo Zegna currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.08.

Ermenegildo Zegna Price Performance

Ermenegildo Zegna stock opened at $13.45 on Friday. Ermenegildo Zegna has a 52-week low of $8.65 and a 52-week high of $15.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.80 and a current ratio of 1.47. The stock’s 50 day moving average price is $12.78 and its two-hundred day moving average price is $12.39.

Insider Transactions at Ermenegildo Zegna

In other Ermenegildo Zegna news, Director Michele Norsa sold 8,000 shares of the business’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $13.29, for a total transaction of $106,320.00. Following the completion of the sale, the director owned 158,348 shares in the company, valued at approximately $2,104,444.92. The trade was a 4.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

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

Ermenegildo Zegna Company Profile

Ermenegildo Zegna N.V. is a global luxury-goods group specializing in menswear, accessories and related lifestyle products. Its portfolio includes the Zegna brand, known for tailored clothing, ready-to-wear apparel, footwear, leather goods and fabrics, as well as Thom Browne, a luxury fashion brand offering menswear, womenswear, accessories and footwear.

The company also operates the TOM FORD FASHION business, which includes luxury apparel, accessories and footwear under the TOM FORD brand.