ZGN
Ermenegildo Zegna N.V.
NYSEUSDEQUITY
Consumer Cyclical
DELAYED
Last price
13.88
▲ 0.25 (1.83%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
13.73
Prev close
13.63
Day high
13.97
Day low
13.69
Volume
659.72K
Market cap
$3.73B
P/E (TTM)
31.59
52W range
8.17 – 15.95
Insider net activity
Net shares
+134.35K
Net buying
Buy transactions
6
188.70K shares
Sell transactions
6
54.35K shares
Net transactions
+12
Buys less sells
Sell : buy shares
0.3 : 1
Mixed
Insider-held shares
188.91M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| May 8, 26 | TAGLIABUE GIANLUCA AMBROGIO Officer |
SELL | 19.11K | $250.66K | Direct |
| May 8, 26 | SARTORI ALESSANDRO Officer |
SELL | 6.50K | $85.35K | Direct |
| May 8, 26 | ZEGNA DI MONTE RUBELLO ANGELO Officer |
SELL | 1.94K | $25.39K | Direct |
| May 8, 26 | SANTHIA GIAN FRANCO Officer |
SELL | 5.77K | $75.68K | Direct |
| May 8, 26 | DI MONTE RUBELLO EDOARDO ZEGNA Officer |
SELL | 17.04K | $223.53K | Direct |
| May 7, 26 | TAGLIABUE GIANLUCA AMBROGIO Officer |
BUY | 47.25K | $616.61K | Direct |
| May 7, 26 | TAGLIABUE GIANLUCA AMBROGIO Officer |
CONVERSION | 47.25K | $616.61K | Direct |
| May 7, 26 | SARTORI ALESSANDRO Officer |
— | 31.50K | — | Direct |
| May 7, 26 | ZEGNA DI MONTE RUBELLO ANGELO Officer |
— | 15.60K | — | Direct |
| May 7, 26 | SANTHIA GIAN FRANCO Officer |
— | 15.60K | — | Direct |
| May 7, 26 | DI MONTE RUBELLO EDOARDO ZEGNA Officer |
— | 31.50K | — | Direct |
| May 5, 26 | NORSA MICHELE Director |
SELL | 4.00K | $47.48K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
DI MONTE RUBELLO EDOARDO ZEGNA |
Officer | 304.96K | Sale |
NORSA MICHELE |
Director | 166.35K | Sale |
SANTHIA GIAN FRANCO |
Officer | 44.45K | Sale |
SARTORI ALESSANDRO |
Officer | 142.24K | Sale |
TAGLIABUE GIANLUCA AMBROGIO |
Officer | 167.72K | Sale |
ZEGNA DI MONTE RUBELLO ANGELO |
Officer | 140.11K | Sale |
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
0.33
Positioning, not flow
Max pain
2.50
-82.0% from spot
ATM implied vol
57.8%
Nearest strike to spot
Skew (10% OTM)
+448.4%
Puts bid over calls
Call volume
0
Contracts, this expiry
Put volume
1
Contracts, this expiry
Heaviest call OI
15.00
3 contracts
Heaviest put OI
2.50
1 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
+1.02%
+2.4%
1M
+0.65%
-3.1%
3M
+4.12%
+1.0%
6M
+21.40%
+10.3%
YTD
+35.61%
+23.3%
1Y
+72.89%
+52.9%
3Y
-11.35%
-85.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$3.73B
Enterprise value$4.48B
Revenue (TTM)$1.92B
Gross profit$1.29B
EBITDA$244.95M
Net income$98.58M
EPS (TTM)$0.44
Free cash flow$246.62M
Total cash$295.86M
Total debt$982.35M
Book value / share$4.37
Shares outstanding268.31M
Float52.59M
Short % of float8.32%
Dividend yield0.98%
Beta (5Y)0.89
Short interest
Shares short
6.39M
Prior 4.49M
Change vs prior
+42.1%
Shorts adding
% of float
8.32%
Normal
% of shares out
2.38%
Against total outstanding
Days to cover
5.1
Crowded exit
Float
52.59M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Valuation & profitability ratios
Trailing P/E31.59
Forward P/E21.32
PEG ratio—
Price / sales—
Price / book3.18
EV / revenue2.34
EV / EBITDA18.31
Gross margin67.50%
Operating margin9.53%
Profit margin5.14%
Return on equity10.52%
Return on assets3.59%
Debt / equity89.38
Current ratio1.59
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $1.92B | $1.95B | $1.90B | $1.49B | -1.5% |
| Operating revenue | $1.92B | $1.95B | $1.90B | $1.49B | -1.5% |
| Cost of revenue | $622.91M | $650.09M | $680.24M | $564.83M | -4.2% |
| Gross profit | $1.29B | $1.30B | $1.22B | $928.01M | -0.2% |
| Selling, general & admin | $1.15B | $1.13B | $1.02B | $780.23M | +2.2% |
| Total operating expense | $1.15B | $1.13B | $1.02B | $780.23M | +2.2% |
| Operating income | $139.48M | $166.85M | $208.15M | $147.78M | -16.4% |
| Net interest income | -$34.63M | -$26.60M | -$25.72M | -$18.46M | -30.2% |
| Pre-tax income | $140.04M | $130.61M | $169.09M | $101.08M | +7.2% |
| Tax provision | $30.55M | $39.75M | $33.43M | $35.80M | -23.1% |
| Net income | $98.58M | $77.08M | $121.53M | $51.48M | +27.9% |
| Net income to common | $98.58M | $77.08M | $121.53M | $51.48M | +27.9% |
| Basic EPS | 0.38 | 0.31 | 0.49 | 0.22 | +22.6% |
| Diluted EPS | 0.38 | 0.30 | 0.48 | 0.21 | +26.7% |
| EBIT | $180.00M | $170.28M | $199.78M | $117.10M | +5.7% |
| EBITDA | $439.92M | $406.23M | $394.74M | $290.63M | +8.3% |
| Basic shares | 259.60M | 251.53M | 247.02M | 237.55M | +3.2% |
| Diluted shares | 261.47M | 254.24M | 252.36M | 240.65M | +2.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $220.12M | $219.13M | $296.28M | $254.32M | +0.5% |
| Cash & short-term investments | $297.30M | $296.13M | $387.03M | $572.99M | +0.4% |
| Accounts receivable | $227.09M | $248.79M | $240.46M | $177.21M | -8.7% |
| Inventory | $506.90M | $521.01M | $522.59M | $410.85M | -2.7% |
| Total current assets | $1.19B | $1.21B | $1.29B | $1.29B | -1.3% |
| Property, plant & equipment | $863.68M | $786.24M | $693.56M | $501.65M | +9.8% |
| Goodwill & intangibles | $554.09M | $614.36M | $572.27M | $455.91M | -9.8% |
| Total assets | $2.83B | $2.83B | $2.77B | $2.43B | +0.0% |
| Total current liabilities | $750.39M | $852.88M | $1.01B | $866.98M | -12.0% |
| Current debt | $84.07M | $177.17M | $289.34M | $286.18M | -52.5% |
| Long-term debt | $162.12M | $196.40M | $113.28M | $184.88M | -17.5% |
| Total debt | $977.78M | $1.04B | $996.35M | $914.56M | -5.6% |
| Total liabilities | $1.74B | $1.85B | $1.87B | $1.69B | -6.2% |
| Retained earnings | $739.63M | $668.73M | $618.85M | $528.32M | +10.6% |
| Shareholder equity | $1.03B | $916.12M | $840.29M | $678.95M | +12.5% |
| Working capital | $439.82M | $353.28M | $275.51M | $418.67M | +24.5% |
| Net tangible assets | $476.93M | $301.76M | $268.02M | $223.04M | +58.0% |
| Shares issued | 302.70M | 302.70M | 302.70M | 296.94M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $109.49M | $90.86M | $135.66M | $65.28M | — | +20.5% |
| Depreciation & amortisation | $259.92M | $235.95M | $194.95M | $173.52M | — | +10.2% |
| Change in working capital | -$45.46M | -$117.94M | -$141.89M | -$151.22M | — | +61.5% |
| Operating cash flow | $335.56M | $279.13M | $275.38M | $146.40M | — | +20.2% |
| Capital expenditure | -$102.90M | -$125.53M | -$77.88M | -$73.30M | — | +18.0% |
| Investing cash flow | -$109.92M | -$126.01M | $21.79M | -$57.34M | — | +12.8% |
| Share buybacks | — | — | $0 | $0 | -$455.38M | — |
| Dividends paid | -$30.49M | -$30.29M | -$25.03M | -$21.85M | — | -0.7% |
| Financing cash flow | -$215.05M | -$234.53M | -$250.49M | -$297.00M | — | +8.3% |
| Free cash flow | $232.66M | $153.60M | $197.50M | $73.10M | — | +51.5% |
| End cash position | $220.12M | $219.13M | $296.28M | $254.32M | — | +0.5% |
No filings published for this symbol yet.
Newly listed companies often have nothing on file until their first annual report.
Newly listed companies often have nothing on file until their first annual report.
| Line item | 2025-12-31 | 2025-06-30 | 2024-12-31 | YoY |
|---|---|---|---|---|
| Cash & equivalents | $220.12M | $159.90M | $219.13M | +37.7% |
| Cash & short-term investments | $297.30M | $230.97M | $296.13M | +28.7% |
| Accounts receivable | $227.09M | $209.46M | $248.79M | +8.4% |
| Inventory | $506.90M | $505.68M | $521.01M | +0.2% |
| Total current assets | $1.19B | $1.14B | $1.21B | +4.7% |
| Property, plant & equipment | $863.68M | $815.71M | $786.24M | +5.9% |
| Goodwill & intangibles | $554.09M | $552.18M | $614.36M | +0.3% |
| Total assets | $2.83B | $2.73B | $2.83B | +3.9% |
| Total current liabilities | $750.39M | $801.75M | $852.88M | -6.4% |
| Current debt | $84.07M | $174.24M | $177.17M | -51.8% |
| Long-term debt | $162.12M | $174.42M | $196.40M | -7.0% |
| Total debt | $977.78M | $1.03B | $1.04B | -5.5% |
| Total liabilities | $1.74B | $1.77B | $1.85B | -2.2% |
| Retained earnings | $739.63M | $683.99M | $668.73M | +8.1% |
| Shareholder equity | $1.03B | $885.35M | $916.12M | +16.5% |
| Working capital | $439.82M | $335.54M | $353.28M | +31.1% |
| Net tangible assets | $476.93M | $333.17M | $301.76M | +43.1% |
| Shares issued | 302.70M | 302.70M | 302.70M | 0.0% |
No filings published for this symbol yet.
Newly listed companies often have nothing on file until their first annual report.
Newly listed companies often have nothing on file until their first annual report.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $466.67M | — |
| Next quarter | — | — | $0 | — |
| Current year | 0.43 | 11 | $2.04B | +6.5% |
| Next year | 0.56 | 11 | $2.21B | +8.2% |
Analyst targets & ownership
Mean target$15.06
High target$17.46
Low target$12.33
Implied upside8.53%
Analyst count12
ConsensusBUY
Strong buy / Buy2 / 6
Hold3
Sell / Strong sell0 / 1
Held by insiders70.41%
Held by institutions28.91%
Institutions holding194
Price targets, consensus spread, insider and institutional ownership.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 24, 26 | TD Cowen | MAINTAINED | Buy | Buy |
| Jun 30, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Jun 17, 26 | Goldman Sachs | DOWNGRADE | Buy | Neutral |
| May 20, 26 | TD Cowen | UPGRADE | Hold | Buy |
| May 1, 26 | TD Cowen | MAINTAINED | Hold | Hold |
| Jan 16, 26 | B of A Securities | DOWNGRADE | Buy | Neutral |
| Oct 24, 25 | UBS | MAINTAINED | Neutral | Neutral |
| Oct 14, 25 | Jefferies | INITIATED | — | Buy |
| Sep 23, 25 | B of A Securities | MAINTAINED | Buy | Buy |
| Sep 15, 25 | JP Morgan | INITIATED | — | Overweight |
| Jan 16, 25 | B of A Securities | UPGRADE | Neutral | Buy |
| Nov 22, 24 | Morgan Stanley | INITIATED | — | Underweight |
Moving averages & technicals
SMA 10
13.88
+0.01% from price
SMA 20
14.42
-3.60% from price
SMA 50
13.97
-0.49% from price
SMA 100
13.30
+4.35% from price
SMA 200
11.81
+17.69% from price
EMA 12
13.97
-0.63% from price
EMA 26
14.09
-1.46% from price
EMA 50
13.91
-0.24% from price
RSI (14)
47.1
Neutral
MACD (12,26,9)
-0.12
Hist -0.13
ATR (14)
0.57
4.12% of price
Realised vol 30D
39.4%
Annualised
Bollinger upper
15.65
20, 2σ
Bollinger lower
13.19
20, 2σ
50 / 200 cross
Golden
13.97 vs 11.81
Trend bias
Above 200
+17.69%
Risk profile
Beta vs SPY
1.33
More volatile than market
Correlation to SPY
0.40
Loosely linked
Realised vol 30D
39.4%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-21.9%
Peak to trough
Max drawdown 5Y
-61.4%
Peak to trough
ATR 14
0.57
4.12% of price
Beta (reported)
0.89
5Y monthly, from filing
Dividends & splits
Forward rate$0.14 / yr
Forward yield0.98%
5-year avg yield—
Payout ratio31.58%
Ex-dividend dateJul 6, 2026
Next pay dateJul 29, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-07-23
Corporate Changes & Voting Matters
6-K · 2026-07-09
Corporate Changes & Voting Matters
6-K · 2026-06-26
Specialized Disclosure Report filed pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the use of conflict minerals (Rule 13p-1)
SD · 2026-05-13
Corporate Changes & Voting Matters
6-K · 2026-04-16
Periodic Financial Reports
20-F · 2026-03-20
Corporate Changes & Voting Matters
6-K · 2026-02-02
Corporate Changes & Voting Matters
6-K · 2026-01-20
Headlines
BNP Paribas Downgrades Ermenegildo Zegna to Underperform From Neutral, Price Target is $12.20
MT Newswires · 12d ago
URBN vs. ZGN: Which Stock Is the Better Value Option?
Zacks · 12d ago
URBN or ZGN: Which Is the Better Value Stock Right Now?
Zacks · 29d ago
Ermenegildo Zegna Q2 Earnings Call Highlights
MarketBeat · 30d ago
Sector Update: Consumer Stocks Decline Pre-Bell Thursday
MT Newswires · 30d ago
Ermenegildo Zegna flat in premarket trade after H1 revenue tops estimates
Investing.com · 31d ago
Ermenegildo Zegna's Q2 Revenue Rises
MT Newswires · 31d ago
Ermenegildo Zegna Group Records Double-Digit Revenue Growth in Q2 2026 With Accelerating DTC Momentum1
Business Wire · 31d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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