Brokerages Set Aritzia Inc. (TSE:ATZ) PT at C$96.09

Aritzia Inc. (TSE:ATZ) has been assigned an average recommendation of “Buy” from the nine research firms that are covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have covered the stock in the last year is C$96.09.

A number of research analysts have commented on ATZ shares. Desjardins increased their price objective on shares of Aritzia from C$91.00 to C$95.00 in a research note on Friday, October 10th. CIBC upped their target price on shares of Aritzia from C$87.00 to C$94.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Raymond James Financial lifted their price target on Aritzia from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Truist Financial boosted their price objective on Aritzia from C$102.00 to C$116.00 in a report on Thursday, October 30th. Finally, Canaccord Genuity Group reduced their target price on Aritzia from C$95.00 to C$93.00 in a report on Friday, October 10th.

Aritzia Trading Up 1.6%

TSE:ATZ opened at C$101.50 on Thursday. The stock has a market cap of C$11.70 billion, a price-to-earnings ratio of 42.29, a price-to-earnings-growth ratio of 1.19 and a beta of 1.79. Aritzia has a one year low of C$36.51 and a one year high of C$102.50. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. The business’s 50-day simple moving average is C$90.61 and its 200 day simple moving average is C$78.32.

Aritzia (TSE:ATZ) last released its earnings results on Thursday, October 9th. The company reported C$0.59 EPS for the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%.The company had revenue of C$812.05 million during the quarter. As a group, sell-side analysts predict that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Aritzia Company Profile

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories.