Ermenegildo Zegna (NYSE:ZGN) Director Sells $106,320.00 in Stock

Ermenegildo Zegna N.V. (NYSE:ZGN) Director Michele Norsa sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $13.29, for a total value of $106,320.00. Following the sale, the director directly owned 158,348 shares in the company, valued at approximately $2,104,444.92. This trade represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ermenegildo Zegna Stock Up 0.3%

Shares of NYSE:ZGN opened at $13.45 on Friday. Ermenegildo Zegna N.V. has a 12-month low of $8.65 and a 12-month high of $15.95. The business has a 50 day moving average of $12.78 and a two-hundred day moving average of $12.39. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.47 and a quick ratio of 0.80.

Institutional Trading of Ermenegildo Zegna

Several institutional investors have recently modified their holdings of ZGN. Amundi acquired a new stake in Ermenegildo Zegna in the 1st quarter worth about $10,686,000. Walleye Capital LLC raised its holdings in shares of Ermenegildo Zegna by 1,938.7% during the first quarter. Walleye Capital LLC now owns 665,851 shares of the company’s stock valued at $6,938,000 after acquiring an additional 633,191 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Ermenegildo Zegna by 483.2% in the first quarter. Bank of America Corp DE now owns 583,360 shares of the company’s stock valued at $6,079,000 after acquiring an additional 483,332 shares in the last quarter. Osborne Partners Capital Management LLC boosted its stake in shares of Ermenegildo Zegna by 34.8% in the first 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. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its position in shares of Ermenegildo Zegna by 82.3% during the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 354,608 shares of the company’s stock worth $3,695,000 after purchasing an additional 160,078 shares in the last quarter. Institutional investors and hedge funds own 12.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ZGN. HSBC began coverage on shares of Ermenegildo Zegna in a research report on Tuesday, October 6th. They issued a “buy” rating and a $16.00 price objective for the company. BNP Paribas Exane cut 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. Royal Bank Of Canada started coverage on Ermenegildo Zegna in a research report on Tuesday. They set an “outperform” rating and a $16.00 price target on the stock. The Goldman Sachs Group reissued a “neutral” rating on shares of Ermenegildo Zegna in a report on Sunday, October 4th. Finally, Morgan Stanley set a $13.00 price objective on Ermenegildo Zegna in a research report on Monday, September 7th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $14.08.

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.