In a report released today, Louise Singlehurst from Goldman Sachs maintained a Hold rating on Moncler S.p.A. (0QII – Research Report), with a price target of €57.00.
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Louise Singlehurst’s rating is based on several factors, primarily focusing on the current market conditions and Moncler S.p.A.’s performance relative to its peers. The company has shown strong long-term growth potential, supported by like-for-like sales and expansion. However, the retail sector is facing challenges with reduced customer traffic, which affects Moncler as well.
Despite Moncler’s recent outperformance compared to its peer group, the stock is now trading at its 10-year average price-to-earnings ratio. The expected slowdown in retail sales and a conservative outlook for the latter half of the year contribute to a cautious stance. Additionally, while Moncler maintains a defensive margin profile, the projected EBIT growth has been revised downwards. These factors collectively lead to a Hold rating, reflecting a balanced view of potential risks and opportunities.
In another report released on June 27, Bernstein also maintained a Hold rating on the stock with a €60.00 price target.
Based on the recent corporate insider activity of 114 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.