Zegna (ZGN)

• Market cap: $2.22B
• 1 day: 6.16%
• 5 days: 0.11%
• 1 month: 18.94%
• 3 months: 3.78%
• 6 months: -25.63%
• Year to date: -22.21%
• 1 year: -23.57%
• 5 years: -18.16%
• 10 years: -18.16%

About: Ermenegildo Zegna NV designs creates, and distributes luxury menswear and accessories under the Zegna brand, as well as womenswear, menswear, and accessories under the Thom Browne brand. It operates in three segments: the Zegna segment (comprising three product lines: Zegna Branded Products, Textile, and Third Party Brands); the Thom Browne segment; and the Tom Ford Fashion segment. It generates the majority of its revenue from the Zegna segment.

Employees: 7,448

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

2,850% more call options, than puts

Call options by funds: $413K | Put options by funds: $14K

80% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 10

14% more funds holding

Funds holding: 59 [Q2] → 67 (+8) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

0.78% less ownership

Funds ownership: 18.34% [Q2] → 17.56% (-0.78%) [Q3]

20% less capital invested

Capital invested by funds: $543M [Q2] → $433M (-$110M) [Q3]

21% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 19

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $7.20 18% downside
• Avg. target: $7.20 18% downside
• High target: $7.20 18% downside

1 analyst rating

• positive: 0 0%
• neutral: 0 0%
• negative: 1 100%

Morgan Stanley Natasha Bonnet 0% 1-year accuracy 0 / 1 met price target

18% downside $7.20

Underweight Initiated

22 Nov 2024