Ermenegildo Zegna (NYSE:ZGN) Stock Jumps 6.8% – Should You Buy?

Ermenegildo Zegna N.V. (NYSE:ZGN)’s share price rose 6.8% on Thursday. The stock traded as high as $13.66 and last traded at $13.8030. Approximately 192,607 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 975,026 shares. The stock had previously closed at $12.92.

Ermenegildo Zegna News Roundup

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

• Positive Sentiment: TD Cowen raised its price target to $16.00 and upgraded ZGN to “buy.” The new target implies approximately 18.5% upside from the referenced market price, signaling increased confidence in the luxury group’s growth outlook. Tickerreport.com article
• Positive Sentiment: Third-quarter revenue rose 8.9% year over year to €433.8 million, or 8.2% organically. Revenue for the first nine months reached €1.42 billion, up 7.2% reported and 8.9% organically. The results indicate continued demand despite a challenging luxury market. Ermenegildo Zegna Group Q3 2026 Revenues article
• Positive Sentiment: Direct-to-consumer revenue increased 13% year over year. Greater sales through company-operated stores and other direct channels can support brand control, customer data collection and potentially stronger margins. Growth was reported across all regions, with particular attention on the Americas and China. Vogue Zegna Q3 revenues article
• Neutral Sentiment: Management’s third-quarter sales and trading call provided additional context on regional performance, brand trends and the company’s distribution strategy, but the available report does not identify a material change to full-year guidance. ZGN Q3 2026 Sales and Trading Call Transcript

Wall Street Analysts Forecast Growth

ZGN has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Ermenegildo Zegna in a report on Sunday, October 4th. BNP Paribas Exane downgraded Ermenegildo Zegna from a “neutral” rating to an “underperform” rating and set a $12.20 price objective for the company. in a research report on Tuesday, August 11th. UBS Group cut their price objective on Ermenegildo Zegna from $15.50 to $15.40 and set a “buy” rating on the stock in a research note on Monday, October 5th. JPMorgan Chase & Co. upped their target price on Ermenegildo Zegna from $12.50 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Finally, HSBC assumed coverage on shares of Ermenegildo Zegna in a research report on Tuesday, October 6th. They set a “buy” rating and a $16.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ermenegildo Zegna has an average rating of “Moderate Buy” and a consensus target price of $13.87.

Ermenegildo Zegna Stock Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.47 and a quick ratio of 0.80. The business has a 50 day moving average price of $12.77 and a 200-day moving average price of $13.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in Ermenegildo Zegna by 216.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,740 shares of the company’s stock valued at $47,000 after buying an additional 2,560 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Ermenegildo Zegna during the 2nd quarter worth approximately $601,000. Wellington Management Group LLP acquired a new position in Ermenegildo Zegna during the 2nd quarter worth approximately $1,890,000. Handelsbanken Fonder AB boosted its holdings in Ermenegildo Zegna by 21.9% in the second quarter. Handelsbanken Fonder AB now owns 37,800 shares of the company’s stock worth $492,000 after acquiring an additional 6,800 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its holdings in Ermenegildo Zegna by 28.1% in the second quarter. Central Pacific Bank Trust Division now owns 43,302 shares of the company’s stock worth $564,000 after acquiring an additional 9,492 shares in the last quarter. 12.91% of the stock is owned by institutional investors.

Ermenegildo Zegna Company Profile

Ermenegildo Zegna N.V. is a global luxury-goods group specializing in menswear, accessories and related lifestyle products. Its portfolio includes the Zegna brand, known for tailored clothing, ready-to-wear apparel, footwear, leather goods and fabrics, as well as Thom Browne, a luxury fashion brand offering menswear, womenswear, accessories and footwear.

The company also operates the TOM FORD FASHION business, which includes luxury apparel, accessories and footwear under the TOM FORD brand.