Analysts at TD Cowen assumed coverage on shares of Ermenegildo Zegna (NYSE:ZGN - Get Free Report) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The firm set a "hold" rating and a $10.00 price target on the stock. TD Cowen's price objective would indicate a potential upside of 14.22% from the company's current price.
Several other equities analysts have also issued reports on the company. Morgan Stanley assumed coverage on Ermenegildo Zegna in a report on Friday, November 22nd. They set an "underweight" rating and a $7.20 price objective on the stock. BNP Paribas raised Ermenegildo Zegna to a "hold" rating in a report on Monday, December 2nd. Finally, Bank of America raised Ermenegildo Zegna from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $9.40 to $8.90 in a report on Thursday, January 16th.
Check Out Our Latest Stock Report on Ermenegildo Zegna
Ermenegildo Zegna Stock Performance
Shares of ZGN stock traded down $0.12 during mid-day trading on Tuesday, hitting $8.76. 781,023 shares of the stock were exchanged, compared to its average volume of 750,739. The stock's fifty day simple moving average is $8.58 and its two-hundred day simple moving average is $8.76. Ermenegildo Zegna has a 12-month low of $7.13 and a 12-month high of $15.26. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.79 and a current ratio of 1.41.
Hedge Funds Weigh In On Ermenegildo Zegna
Several institutional investors and hedge funds have recently added to or reduced their stakes in ZGN. Roubaix Capital LLC purchased a new stake in Ermenegildo Zegna in the 3rd quarter valued at approximately $2,481,000. QVIDTVM Management LLC purchased a new stake in Ermenegildo Zegna in the 3rd quarter valued at approximately $2,908,000. Verition Fund Management LLC purchased a new stake in Ermenegildo Zegna in the 3rd quarter valued at approximately $149,000. PDT Partners LLC lifted its stake in Ermenegildo Zegna by 144.0% in the 3rd quarter. PDT Partners LLC now owns 55,549 shares of the company's stock valued at $547,000 after buying an additional 32,779 shares in the last quarter. Finally, Arizona PSPRS Trust purchased a new stake in Ermenegildo Zegna in the 3rd quarter valued at approximately $979,000. Institutional investors and hedge funds own 12.91% of the company's stock.
Ermenegildo Zegna Company Profile
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Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances.
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