Ermenegildo Zegna shares are trading lower. The company reported FY23 financial results.
$ZGN
Apparel
Consumer Discretionary
Ermenegildo Zegna shares are trading lower. The company reported FY23 financial results.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/22/2024 | $7.20 | Underweight | Morgan Stanley |
| 9/23/2024 | $13.00 → $9.80 | Buy → Neutral | BofA Securities |
| 1/11/2024 | Neutral → Buy | Goldman | |
| 10/12/2023 | $11.60 | Underperform | Exane BNP Paribas |
| 9/25/2023 | $16.00 → $16.50 | Neutral → Buy | BofA Securities |
| 9/20/2022 | $13.00 | Buy | BofA Securities |
| 4/29/2022 | $11.00 | Neutral | UBS |
| 2/7/2022 | $12.00 | Neutral | Goldman Sachs |
6-K - Ermenegildo Zegna N.V. (0001877787) (Filer)
6-K - Ermenegildo Zegna N.V. (0001877787) (Filer)
6-K - Ermenegildo Zegna N.V. (0001877787) (Filer)
SC 13G/A - Ermenegildo Zegna N.V. (0001877787) (Subject)
SC 13G - Ermenegildo Zegna N.V. (0001877787) (Subject)
SC 13G/A - Ermenegildo Zegna N.V. (0001877787) (Subject)
Morgan Stanley initiated coverage of Zegna Group with a rating of Underweight and set a new price target of $7.20
BofA Securities downgraded Zegna Group from Buy to Neutral and set a new price target of $9.80 from $13.00 previously
Goldman upgraded Zegna Group from Neutral to Buy
Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or the "Group") was informed today that Monterubello s.s. ("Monterubello"), as of November 11, 2024, purchased 913,000 ZGN shares in the market and that it intends to buy a further two million ZGN shares in the market in the coming weeks. "Our family firmly believes that the purchase of additional shares in the Ermenegildo Zegna Group represents a very strong investment," said Ermenegildo "Gildo" Zegna, Chairman of Monterubello and Chairman and CEO of the Ermenegildo Zegna Group. "Given market volatilities and uncertainty, the Zegna family believes that the Grou
9M 2024 revenues grew 2% Year-on-Year (YoY), +3% at constant currency and -4% organic2. Q3 2024 revenues were €397 million, -8% YoY, -6% constant currency and -7% organic: ZEGNA brand recorded a positive performance of +1% YoY and +3% organic. Positive DTC performance (+1% YoY and organic) was mainly driven by ZEGNA DTC supported by double-digit growth in the Americas and EMEA. The Americas, EMEA, and Japan outperformed the other regions. Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or the "Group") today announced unaudited revenues of €1,357.4 million for the first nine months of 2024, +1.7% Yo
Revenues of €960.1 million, up 6% from H1 2023 (+8% at constant currency and -2.7% organic1) Profit of €31.3 million (3.3% profit margin) compared to €52.1 million in H1 2023 (5.8% profit margin) Gross profit margin of 66.4% up 220bps from 64.2% in H1 2023 Adjusted EBIT1 of €80.9 million with an Adjusted EBIT Margin of 8.4% (13.3% in H1 2023) Important investments to further strengthen Group's brands concentrated in H1 2024 Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or "the Group") today announced profit of €31.3 million in H1 2024 compared to €52.1 million in H1 2023. In H1 2024, Adjusted EBIT
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 200 points on Friday. The Dow traded up 0.89% to 38,941.18 while the NASDAQ rose 1.26% to 16,251.98. The S&P 500 also rose, gaining, 1.10% to 5,203.90. Check This Out: Top 3 Materials Stocks That May Explode This Quarter Leading and Lagging Sectors Communication services shares jumped by 1.8% on Friday. In trading on Friday, utilities shares rose by just 0.2%. Top Headline U.S. employers added 303,000 nonfarm payrolls in March, marking an increase from the 270,000 reading in February and surpassing the expected 212,000, the Bureau of Labor Statistics said Friday. The unemplo
9M 2024 revenues grew 2% Year-on-Year (YoY), +3% at constant currency and -4% organic2. Q3 2024 revenues were €397 million, -8% YoY, -6% constant currency and -7% organic: ZEGNA brand recorded a positive performance of +1% YoY and +3% organic. Positive DTC performance (+1% YoY and organic) was mainly driven by ZEGNA DTC supported by double-digit growth in the Americas and EMEA. The Americas, EMEA, and Japan outperformed the other regions. Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or the "Group") today announced unaudited revenues of €1,357.4 million for the first nine months of 2024, +1.7% Yo
TOM FORD announces the appointment of Haider Ackermann as Creative Director, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240904332237/en/Haider Ackermann appointed Creative Director, TOM FORD. (Photo Credit: Ethan James Green) In his new role, Ackermann will assume the creative leadership across all TOM FORD fashion categories, including menswear, womenswear, accessories, and eyewear, and guide the creative vision for the overall brand. TOM FORD is owned by The Estée Lauder Companies Inc. (NYSE:EL) with the fashion business licensed to the Ermenegildo Zegna Group (NYSE:ZGN) and the eyewear business lice
First half 2023 Revenues1 reach €903 million, up 23.9% year-over-year. Organic growth2 was 21.5% in the first half of 2023, with double-digit organic growth for both the Zegna and Thom Browne segments. Acceleration in the second quarter with year-over-year growth of 35.1% and organic growth of 24.5%, led by solid double-digit organic performance in all major geographies and notable strength in the US. Direct-to-consumer year-over-year growth (36.3% for the first half and 48.1% for the second quarter of 2023) continues to be dynamic across all regions for Zegna and Thom Browne, with both posting organic growth of around 30% for the first half of 2023 and of 36.2% and 33.7% in th
Revenues of €960.1 million, up 6% from H1 2023 (+8% at constant currency and -2.7% organic1) Profit of €31.3 million (3.3% profit margin) compared to €52.1 million in H1 2023 (5.8% profit margin) Gross profit margin of 66.4% up 220bps from 64.2% in H1 2023 Adjusted EBIT1 of €80.9 million with an Adjusted EBIT Margin of 8.4% (13.3% in H1 2023) Important investments to further strengthen Group's brands concentrated in H1 2024 Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or "the Group") today announced profit of €31.3 million in H1 2024 compared to €52.1 million in H1 2023. In H1 2024, Adjusted EBIT
Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or the "Group") today announced that all resolutions submitted to the annual general meeting held earlier today were adopted, including the proposal to approve a dividend distribution of EUR 0.12 per ordinary share, corresponding to a total dividend distribution on the outstanding ordinary shares of approximately EUR 30 million. The distribution will be paid in US dollars based on the foreign exchange reference rate of June 26, 2024 set by the European Central Bank. The distribution calendar for the ordinary shares listed on the New York Stock Exchange will be
Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or the "Group") today announced the publication of the convocation notice for its Annual General Meeting ("AGM"), which will be held on Wednesday, June 26, 2024 at 2:00 p.m. CEST at the Steigenberger Airport Hotel Amsterdam, Stationsplein ZW 951, 1117 CE Schiphol-Oost, the Netherlands. The convocation notice, explanatory notes, and other AGM materials, which include Ermenegildo Zegna's 2023 statutory audited financial statements, are available under the relevant section of Ermenegildo Zegna Group's corporate website at https://www.zegnagroup.com/en/corporate-gov