Corient Private Wealth LLC Takes Position in Ermenegildo Zegna N.V. $ZGN

Corient Private Wealth LLC bought a new position in shares of Ermenegildo Zegna N.V. (NYSE:ZGN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 52,500 shares of the company’s stock, valued at approximately $449,000.

A number of other large investors have also added to or reduced their stakes in ZGN. Los Angeles Capital Management LLC purchased a new position in Ermenegildo Zegna in the 2nd quarter valued at about $377,000. Goldman Sachs Group Inc. increased its position in shares of Ermenegildo Zegna by 22.7% during the first quarter. Goldman Sachs Group Inc. now owns 134,503 shares of the company’s stock worth $995,000 after acquiring an additional 24,862 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ermenegildo Zegna in the second quarter worth about $356,000. Nuveen LLC purchased a new position in Ermenegildo Zegna in the first quarter valued at about $1,498,000. Finally, Temasek Holdings Private Ltd acquired a new stake in Ermenegildo Zegna during the 2nd quarter valued at approximately $108,585,000. 12.91% of the stock is owned by institutional investors and hedge funds.

Ermenegildo Zegna Stock Down 0.0%

Shares of NYSE ZGN opened at $10.46 on Monday. Ermenegildo Zegna N.V. has a 1 year low of $6.05 and a 1 year high of $11.00. The stock has a fifty day moving average price of $10.32 and a two-hundred day moving average price of $9.38. The company has a quick ratio of 0.79, a current ratio of 1.42 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ZGN. UBS Group upped their target price on Ermenegildo Zegna from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Sanford C. Bernstein assumed coverage on shares of Ermenegildo Zegna in a report on Tuesday, November 25th. They issued an “outperform” rating and a $13.00 price target for the company. JPMorgan Chase & Co. started coverage on shares of Ermenegildo Zegna in a research note on Monday, September 15th. They set an “overweight” rating and a $11.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Ermenegildo Zegna in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group assumed coverage on Ermenegildo Zegna in a report on Tuesday, October 14th. They set a “buy” rating and a $12.90 target price for the company. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.20.

Ermenegildo Zegna Company Profile

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.