TD Cowen Cuts Ermenegildo Zegna (NYSE:ZGN) Price Target to $15.00

Key Points

• TD Cowen lowered Ermenegildo Zegna’s price target from $17.00 to $15.00 while maintaining a “buy” rating, implying 18.58% upside from the prior close.
• Analyst sentiment is mixed: five analysts rate the stock a Buy, four Hold, and one Sell, resulting in an overall “Hold” rating and an average price target of $13.03.
• Zegna’s first-half adjusted EBIT improved to €74.5 million, but net profit fell to €28.4 million and quarterly earnings missed estimates. Shares opened at $12.65, with institutional investors owning 12.91% of the stock.

Ermenegildo Zegna (NYSE:ZGN - Get Free Report) had its price target cut by equities research analysts at TD Cowen from $17.00 to $15.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. TD Cowen's price target points to a potential upside of 18.58% from the stock's previous close.

Other equities analysts have also issued research reports about the stock. BNP Paribas Exane lowered shares of Ermenegildo Zegna from a "neutral" rating to an "underperform" rating and set a $12.20 target price on the stock. in a report on Tuesday, August 11th. JPMorgan Chase & Co. increased their price target on Ermenegildo Zegna from $12.50 to $14.00 and gave the stock an "overweight" rating in a report on Tuesday, June 30th. Wall Street Zen lowered Ermenegildo Zegna from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. UBS Group reissued a "buy" rating and issued a $15.50 price objective on shares of Ermenegildo Zegna in a research note on Friday. Finally, Weiss Ratings upgraded Ermenegildo Zegna from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ermenegildo Zegna has an average rating of "Hold" and an average price target of $13.03.

Ermenegildo Zegna Stock Performance

Shares of NYSE ZGN opened at $12.65 on Friday. The company's 50 day moving average price is $13.86 and its 200-day moving average price is $12.72. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 1.59. Ermenegildo Zegna has a 52-week low of $8.64 and a 52-week high of $15.95.

Institutional Trading of Ermenegildo Zegna

A number of hedge funds have recently bought and sold shares of ZGN. Millennium Management LLC grew its stake in Ermenegildo Zegna by 182.8% in the 1st quarter. Millennium Management LLC now owns 1,149,055 shares of the company's stock valued at $8,503,000 after purchasing an additional 742,680 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Ermenegildo Zegna by 22.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 134,503 shares of the company's stock worth $995,000 after purchasing an additional 24,862 shares during the period. Jane Street Group LLC bought a new stake in shares of Ermenegildo Zegna during the 1st quarter worth $1,161,000. Geode Capital Management LLC purchased a new position in shares of Ermenegildo Zegna in the 2nd quarter worth about $6,245,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Ermenegildo Zegna by 59,691.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 29,298 shares of the company's stock worth $250,000 after buying an additional 29,249 shares during the last quarter. 12.91% of the stock is currently owned by institutional investors.

Key Stories Impacting Ermenegildo Zegna

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

About Ermenegildo Zegna

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.

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