Rogerio Fujimori, an analyst from Stifel Nicolaus, maintained the Hold rating on Moncler S.p.A. (0QII – Research Report). The associated price target was lowered to €62.00.
Rogerio Fujimori has given his Hold rating due to a combination of factors influencing Moncler S.p.A.’s current market position. The company’s sales forecast for the first quarter of 2025 is expected to be flat, with a slight decline in constant currency terms, reflecting challenging comparatives from previous years and a less favorable external environment, particularly in the Americas. Additionally, the forecasted sales decline for Stone Island, a subsidiary of Moncler, further contributes to the cautious outlook.
Despite these challenges, Moncler maintains strong brand desirability, especially in Asia, and has promising growth potential driven by its management team’s efforts to diversify and balance its revenue streams. The company’s valuation appears fair, trading slightly below its historical average, which aligns with the moderated growth expectations for the Moncler brand. The anticipated reinvestment in both brands may limit margin expansion, supporting the Hold rating in light of the uncertain external conditions and outlook.
In another report released on March 28, RBC Capital also maintained a Hold rating on the stock with a €65.00 price target.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0QII in relation to earlier this year.