Moncler S.p.A. (0QII – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Luca Solca from Bernstein downgraded the rating on the stock to a Hold and gave it a €65.00 price target.
Luca Solca has given his Hold rating due to a combination of factors influencing Moncler S.p.A.’s current market position. Despite Moncler’s strong performance in the fourth quarter of 2024, where it surpassed expectations with an 8% organic growth, the company’s share price is experiencing a bimodal pattern. This pattern, coupled with valuations reaching their three-year highs during peak trading seasons, suggests potential volatility as the summer approaches.
Furthermore, Moncler is not planning a Genius event this year and is cautious with its Stone Island strategy, indicating a conservative approach to growth. The company’s guidance for fiscal year 2025 suggests no volume growth, despite favorable comparisons. While Moncler is making strategic moves, such as expanding in the US and opening a flagship store in New York City, these efforts are balanced by the need to manage expectations and market conditions, leading to the Hold rating.
In another report released on February 21, Barclays also maintained a Hold rating on the stock with a €64.00 price target.
Based on the recent corporate insider activity of 62 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.