Ermenegildo Zegna (NYSE:ZGN) Reaches New 1-Year High - Should You Buy?

Key Points

• Ermenegildo Zegna's stock hit a new 52-week high of $12.00 (last $11.965) and was up about 5.4%, trading above its 50‑day ($10.72) and 200‑day ($10.33) moving averages.
• Analysts are mixed but slightly positive with a MarketBeat consensus of Moderate Buy (four Buy, three Hold) and an average price target of $11.73; UBS upgraded to Buy while others remain neutral/equal‑weight.
• The company recently missed earnings and revenue—Q EPS $0.15 vs. $0.26 expected and revenue $577.8M vs. $1.17B est.—even as large investors like Temasek significantly increased their stake.

Ermenegildo Zegna N.V. (NYSE:ZGN - Get Free Report)'s stock price reached a new 52-week high on Friday . The stock traded as high as $12.00 and last traded at $11.9650, with a volume of 160184 shares trading hands. The stock had previously closed at $11.55.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ZGN. 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Ermenegildo Zegna in a research note on Wednesday, January 21st. Morgan Stanley began coverage on Ermenegildo Zegna in a report on Thursday, February 12th. They set an "equal weight" rating and a $11.00 price objective on the stock. Finally, 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 report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $11.73.

Ermenegildo Zegna Stock Up 5.4%

The company's 50-day moving average price is $10.72 and its two-hundred day moving average price is $10.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 1.59.

Ermenegildo Zegna (NYSE:ZGN - Get Free Report) last released its earnings results on Friday, March 20th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.11). The company had revenue of $577.83 million during the quarter, compared to analyst estimates of $1.17 billion. As a group, research analysts anticipate that Ermenegildo Zegna N.V. will post 0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ermenegildo Zegna

Several institutional investors have recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Ermenegildo Zegna in the 3rd quarter valued at about $22,609,000. Quantbot Technologies LP acquired a new stake in Ermenegildo Zegna in the third quarter valued at approximately $1,076,000. Matauro LLC bought a new stake in shares of Ermenegildo Zegna during the fourth quarter valued at approximately $2,099,000. Temasek Holdings Private Ltd raised its position in shares of Ermenegildo Zegna by 114.5% during the third quarter. Temasek Holdings Private Ltd now owns 27,242,276 shares of the company's stock worth $257,440,000 after purchasing an additional 14,542,295 shares during the period. Finally, Portolan Capital Management LLC raised its position in shares of Ermenegildo Zegna by 15.6% during the third quarter. Portolan Capital Management LLC now owns 1,369,176 shares of the company's stock worth $12,939,000 after purchasing an additional 185,190 shares during the period. Institutional investors and hedge funds 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.

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