Ermenegildo Zegna (NYSE:ZGN) Price Target Raised to $16.00

Ermenegildo Zegna (NYSE:ZGN) had its target price lifted by TD Cowen from $15.00 to $16.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Several other analysts also recently commented on the stock. UBS Group dropped their price objective on shares of Ermenegildo Zegna from $15.50 to $15.40 and set a “buy” rating on the stock in a report on Monday, October 5th. HSBC started coverage on shares of Ermenegildo Zegna in a report on Tuesday, October 6th. They set a “buy” rating and a $16.00 price target on the stock. Weiss Ratings downgraded Ermenegildo Zegna from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 3rd. Morgan Stanley set a $13.00 price objective on shares of Ermenegildo Zegna in a research report on Monday, September 7th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Ermenegildo Zegna in a report on Sunday, October 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.87.

Ermenegildo Zegna Trading Up 0.2%

Shares of NYSE:ZGN opened at $13.51 on Friday. Ermenegildo Zegna has a twelve month low of $8.65 and a twelve month high of $15.95. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $12.77 and its 200 day moving average is $13.20.

Hedge Funds Weigh In On Ermenegildo Zegna

Several hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Ermenegildo Zegna by 216.9% in the third quarter. GAMMA Investing LLC now owns 3,740 shares of the company’s stock worth $47,000 after acquiring an additional 2,560 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Ermenegildo Zegna during the second quarter worth approximately $601,000. Wellington Management Group LLP purchased a new stake in shares of Ermenegildo Zegna during the second quarter worth approximately $1,890,000. Handelsbanken Fonder AB increased its position in shares of Ermenegildo Zegna by 21.9% during the second quarter. Handelsbanken Fonder AB now owns 37,800 shares of the company’s stock worth $492,000 after purchasing an additional 6,800 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its stake in Ermenegildo Zegna by 28.1% in the 2nd quarter. Central Pacific Bank Trust Division now owns 43,302 shares of the company’s stock valued at $564,000 after purchasing an additional 9,492 shares during the last quarter. Hedge funds and other institutional investors own 12.91% of the company’s stock.

Ermenegildo Zegna News Summary

Here are the key news stories impacting Ermenegildo Zegna this week:

• Positive Sentiment: TD Cowen raised its price target to $16.00 and upgraded ZGN to “buy.” The new target implies approximately 18.5% upside from the referenced market price, signaling increased confidence in the luxury group’s growth outlook. Tickerreport.com article
• Positive Sentiment: Third-quarter revenue rose 8.9% year over year to €433.8 million, or 8.2% organically. Revenue for the first nine months reached €1.42 billion, up 7.2% reported and 8.9% organically. The results indicate continued demand despite a challenging luxury market. Ermenegildo Zegna Group Q3 2026 Revenues article
• Positive Sentiment: Direct-to-consumer revenue increased 13% year over year. Greater sales through company-operated stores and other direct channels can support brand control, customer data collection and potentially stronger margins. Growth was reported across all regions, with particular attention on the Americas and China. Vogue Zegna Q3 revenues article
• Neutral Sentiment: Management’s third-quarter sales and trading call provided additional context on regional performance, brand trends and the company’s distribution strategy, but the available report does not identify a material change to full-year guidance. ZGN Q3 2026 Sales and Trading Call Transcript

Ermenegildo Zegna Company Profile

Ermenegildo Zegna N.V. is a global luxury-goods group specializing in menswear, accessories and related lifestyle products. Its portfolio includes the Zegna brand, known for tailored clothing, ready-to-wear apparel, footwear, leather goods and fabrics, as well as Thom Browne, a luxury fashion brand offering menswear, womenswear, accessories and footwear.

The company also operates the TOM FORD FASHION business, which includes luxury apparel, accessories and footwear under the TOM FORD brand.