Ermenegildo Zegna N.V. (NYSE:ZGN) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Seven analysts give Ermenegildo Zegna a consensus recommendation of Moderate Buy (4 buys, 3 holds) with an average 12‑month price target of $11.73, versus the recent share price around $10.49 (12‑month range $6.05–$11.93).
• Recent analyst moves include Sanford C. Bernstein initiating coverage with an outperform and $13 target and UBS upgrading to a buy at $11.50, while Bank of America and Morgan Stanley remain more cautious near the $11 level.
• Institutional activity has been notable: Temasek opened a new position worth roughly $108.6M, and total institutional ownership is about 12.91%.

Ermenegildo Zegna N.V. (NYSE:ZGN - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven analysts that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $11.7286.

A number of research analysts have recently issued reports on ZGN shares. Sanford C. Bernstein began coverage on Ermenegildo Zegna in a research note on Tuesday, November 25th. They set an "outperform" rating and a $13.00 price objective on the stock. UBS Group raised Ermenegildo Zegna from a "neutral" rating to a "buy" rating and set a $11.50 target price for the company in a research note on Thursday, February 5th. Bank of America restated a "neutral" rating and set a $11.20 target price (down from $11.50) on shares of Ermenegildo Zegna in a report on Friday, January 16th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Ermenegildo Zegna in a research note on Wednesday, January 21st. Finally, Morgan Stanley assumed coverage on Ermenegildo Zegna in a research report on Thursday, February 12th. They issued an "equal weight" rating and a $11.00 price objective for the company.

Ermenegildo Zegna Price Performance

ZGN opened at $10.49 on Monday. The stock has a 50-day moving average price of $10.45 and a 200-day moving average price of $10.02. Ermenegildo Zegna has a 12-month low of $6.05 and a 12-month high of $11.93. The company has a current ratio of 1.42, a quick ratio of 0.79 and a debt-to-equity ratio of 0.18.

Institutional Investors Weigh In On Ermenegildo Zegna

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZGN. Los Angeles Capital Management LLC bought a new stake in Ermenegildo Zegna during the 2nd quarter valued at approximately $377,000. Federated Hermes Inc. raised its position in shares of Ermenegildo Zegna by 38.3% in the 3rd quarter. Federated Hermes Inc. now owns 304,206 shares of the company's stock worth $2,875,000 after acquiring an additional 84,206 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Ermenegildo Zegna by 5.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 136,326 shares of the company's stock valued at $1,166,000 after purchasing an additional 6,698 shares during the period. Temasek Holdings Private Ltd purchased a new position in shares of Ermenegildo Zegna in the 2nd quarter valued at approximately $108,585,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Ermenegildo Zegna during the second quarter valued at approximately $356,000. 12.91% of the stock is currently owned by institutional investors.

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.

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