Key Details
Price
$7.83Last Dividend
$0.11Annual ROE
14.77%Beta
0.61Events Calendar
Next earnings date:
Jan 31, 2025Recent quarterly earnings:
Oct 22, 2024Recent annual earnings:
Jan 31, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
July 05, 2023Next split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
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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.
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