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

Ermenegildo Zegna (NYSE:ZGN) had its price objective decreased by TD Cowen from $17.00 to $15.00 in a research report sent to investors on Friday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. UBS Group lifted their price objective on shares of Ermenegildo Zegna from $15.40 to $15.50 and gave the company a “buy” rating in a research note on Friday. The Goldman Sachs Group downgraded Ermenegildo Zegna from a “buy” rating to a “neutral” rating and raised their target price for the company from $13.30 to $14.00 in a research note on Wednesday, June 17th. JPMorgan Chase & Co. raised 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. Weiss Ratings upgraded Ermenegildo Zegna from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Finally, Wall Street Zen lowered Ermenegildo Zegna from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ermenegildo Zegna presently has an average rating of “Hold” and an average price target of $13.03.

Ermenegildo Zegna Stock Down 0.5%

Ermenegildo Zegna stock opened at $12.50 on Friday. The stock’s 50 day moving average price is $13.85 and its 200 day moving average price is $12.73. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.47 and a quick ratio of 0.80. Ermenegildo Zegna has a one year low of $8.64 and a one year high of $15.95.

Hedge Funds Weigh In On Ermenegildo Zegna

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake in Ermenegildo Zegna by 48.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,788 shares of the company’s stock valued at $29,000 after buying an additional 908 shares in the last quarter. California State Teachers Retirement System acquired a new position in shares of Ermenegildo Zegna in the 2nd quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd grew its position 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 acquiring an additional 3,870 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Ermenegildo Zegna in the 2nd quarter valued at approximately $54,000. Finally, Parallel Advisors LLC bought a new stake in shares of Ermenegildo Zegna in the 4th quarter valued at approximately $69,000. 12.91% of the stock is currently owned by institutional investors and hedge funds.

Key Ermenegildo Zegna News

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

• Positive Sentiment: Ermenegildo Zegna reported first-half 2026 revenue of €987 million and adjusted EBIT of €74.5 million, up from €68.7 million a year earlier. Management attributed the improvement to growth in the Zegna brand, stronger brand equity and operational efficiency. Ermenegildo Zegna Group Reports First Half 2026 Results
• Positive Sentiment: TD Cowen maintained a Buy rating on ZGN. Although it lowered its price target to $15 from $17, the revised target still implies approximately 20% upside from the reference price, signaling continued confidence in the company’s longer-term prospects.
• Neutral Sentiment: The company’s Q2 earnings call and first-half presentations highlighted continued investment in growth and the benefits of the group’s luxury-brand portfolio, but investors are likely focused on whether improved adjusted EBIT can translate into stronger bottom-line results. ZGN Q2 2026 Earnings Call Transcript
• Negative Sentiment: First-half net profit fell to €28.4 million from €47.9 million in the prior-year period, despite the adjusted EBIT improvement. The decline raises concerns about costs, financing, taxes or other below-the-line pressures. Zegna Group Sees EBIT Rise but Net Profit Decline
• Negative Sentiment: Reported quarterly EPS of $0.06 missed the $0.18 consensus estimate. The earnings shortfall likely reinforced investor caution, even though the company delivered stronger adjusted operating profit in the first half. ZGN Earnings Results

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.