Profile
Sector:
Consumer CyclicalIndustry:
Apparel ManufacturingCountry:
ItalyIPO:
20 December 2021Website:
http://www.zegna.comNext earnings report:
18 September 2024Last dividends:
05 July 2023Next dividends:
05 July 2024Price
regular market | Wed, 03 Jul 2024 13:30:00 GMTAnalysts recommendations
Institutional Ownership
ZGN Latest News
Investors with an interest in Retail - Apparel and Shoes stocks have likely encountered both Ermenegildo Zegna N.V. (ZGN) and Deckers (DECK).
Ermenegildo Zegna Group (ZGN) 2023 Full Year Preliminary Revenues Call (Transcript)
Zegna's current undervaluation and under-following made the Italian company my pick for the year 2024. During the recent Capital Markets Day, the company demonstrated a promising vision and financial target for Tom Ford Fashion. Zegna's top-line will benefit from ongoing demand for "quiet luxury" and high-quality products, while operating leverage reinforces margin expansion.
Post Capital Market Day, Zegna group CAGR topline is estimates at >10% with an increase adj. EBIT of approximately 20%. Zegna has space to grow on sales density, new store openings, and Tom Ford Chinese entry. After an excessive de-rating and with higher growth estimates, Zegna is back to being a Buy.
Ermenegildo Zegna, Ermenegildo Zegna chairman and CEO, joins 'Squawk on the Street' to discuss what Zegna is telling investors about demand for luxury items, how the Asian consumer has performed, and how consumers are dressing.
Ermenegildo Zegna's margins have historically lagged behind other luxury brands, but recent results show improvement as the company has raised prices and reduced sales. Its strong revenue growth, especially after the acquisition of Tom Ford International, also goes in its favour. The company's stock is considered fairly valued, but there is potential for future growth, which can justify the premium on the stock.
What type of business is Ermenegildo Zegna NV?
Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances. The company also offers luxury womenswear and childrenswear under the Thom Browne brand, as well as provides eyewear, cufflinks and jewelry, watches, underwear, and beachwear manufactured by third parties under licenses. It serves customers through its retail stores and online channels in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. The company was founded in 1910 and is based in Trivero, Italy. Ermenegildo Zegna N.V. is a subsidiary of Monterubello Societa' Semplice.
What sector is Ermenegildo Zegna NV in?
Ermenegildo Zegna NV is in the Consumer Cyclical sector
What industry is Ermenegildo Zegna NV in?
Ermenegildo Zegna NV is in the Apparel Manufacturing industry
What country is Ermenegildo Zegna NV from?
Ermenegildo Zegna NV is headquartered in Italy
When did Ermenegildo Zegna NV go public?
Ermenegildo Zegna NV initial public offering (IPO) was on 20 December 2021
What is Ermenegildo Zegna NV website?
https://www.zegna.com
Is Ermenegildo Zegna NV in the S&P 500?
No, Ermenegildo Zegna NV is not included in the S&P 500 index
Is Ermenegildo Zegna NV in the NASDAQ 100?
No, Ermenegildo Zegna NV is not included in the NASDAQ 100 index
Is Ermenegildo Zegna NV in the Dow Jones?
No, Ermenegildo Zegna NV is not included in the Dow Jones index
When does Ermenegildo Zegna NV report earnings?
The next expected earnings date for Ermenegildo Zegna NV is 18 September 2024