Ermenegildo Zegna (NYSE:ZGN) Price Target Cut to $15.00 by Analysts at TD Cowen

Ermenegildo Zegna (NYSE:ZGN) had its price target cut by TD Cowen from $17.00 to $15.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target would suggest a potential upside of 18.58% from the stock’s previous close.

ZGN has been the subject of several other research reports. Wall Street Zen downgraded Ermenegildo Zegna from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. JPMorgan Chase & Co. boosted their price objective on Ermenegildo Zegna from $12.50 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. The Goldman Sachs Group downgraded shares of Ermenegildo Zegna from a “buy” rating to a “neutral” rating and upped their price objective for the company from $13.30 to $14.00 in a report on Wednesday, June 17th. UBS Group reiterated a “buy” rating and set a $15.50 target price on shares of Ermenegildo Zegna in a research report on Friday. Finally, Weiss Ratings raised shares of Ermenegildo Zegna from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $13.03.

Ermenegildo Zegna Price Performance

Shares of NYSE ZGN opened at $12.65 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.59 and a quick ratio of 0.91. The stock has a fifty day simple moving average of $13.86 and a two-hundred day simple moving average of $12.72. Ermenegildo Zegna has a 1-year low of $8.64 and a 1-year high of $15.95.

Institutional Investors Weigh In On Ermenegildo Zegna

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Ermenegildo Zegna by 48.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,788 shares of the company’s stock worth $29,000 after buying an additional 908 shares during the last quarter. California State Teachers Retirement System bought a new position in Ermenegildo Zegna in the second quarter valued at $33,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Ermenegildo Zegna by 11,382.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,904 shares of the company’s stock worth $40,000 after purchasing an additional 3,870 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Ermenegildo Zegna during the 2nd quarter valued at about $54,000. Finally, Legal & General Group Plc bought a new stake in Ermenegildo Zegna in the 2nd quarter worth approximately $59,000. 12.91% of the stock is owned by hedge funds and other institutional investors.

Ermenegildo Zegna News Roundup

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

• Positive Sentiment: Adjusted EBIT increased: First-half adjusted EBIT rose to €74.5 million from €68.7 million a year earlier, suggesting improved operating efficiency and resilience despite a challenging luxury-goods environment. Ermenegildo Zegna Group Reports First Half 2026 Revenues of €987 Million With Profit at €28 Million and Adjusted EBIT at €74 Million
• Positive Sentiment: Zegna brand growth supported results: Coverage highlighted continued growth in the core Zegna brand, reinforcing the group’s brand-equity strategy and helping drive first-half revenue of €987 million. Ermenegildo Zegna’s H1 2026 profit driven by Zegna brand growth
• Neutral Sentiment: Management emphasized execution: The earnings presentation and call focused on brand development, operational efficiency and the group’s strategy for sustaining growth. Investors will likely look for additional detail on demand trends and the outlook for the remainder of 2026. Ermenegildo Zegna N.V. Q2 2026 Earnings Call Transcript
• Negative Sentiment: Net profit declined: First-half profit fell to €28.4 million from €47.9 million in the prior-year period, even though adjusted EBIT improved. The weaker bottom line limits the strength of the headline earnings improvement. Zegna Group sees EBIT rise in H1, but net profit declines
• Negative Sentiment: Quarterly results missed estimates: MarketBeat reported quarterly EPS of $0.06 versus the $0.18 consensus estimate, while revenue of $563.39 million was below the cited $1.13 billion expectation. The miss could temper investor enthusiasm despite the improved adjusted EBIT. Ermenegildo Zegna earnings report

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.