Jefferies Financial Group Increases Aritzia (TSE:ATZ) Price Target to C$140.00

Aritzia (TSE:ATZ) had its target price lifted by equities research analysts at Jefferies Financial Group from C$114.00 to C$140.00 in a report released on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price objective indicates a potential upside of 16.31% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company set a C$110.00 target price on shares of Aritzia and gave the stock an “equal weight” rating in a report on Friday, December 12th. BMO Capital Markets raised their price objective on shares of Aritzia from C$133.00 to C$136.00 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Raymond James Financial boosted their target price on shares of Aritzia from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Desjardins increased their target price on Aritzia from C$95.00 to C$125.00 and gave the company a “buy” rating in a report on Friday, December 19th. Finally, Truist Financial lifted their price target on Aritzia from C$102.00 to C$116.00 in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$116.25.

Aritzia Price Performance

Shares of ATZ traded up C$3.16 during trading hours on Tuesday, hitting C$120.37. 452,183 shares of the company were exchanged, compared to its average volume of 528,161. The company has a market capitalization of C$13.88 billion, a PE ratio of 50.15, a PEG ratio of 1.19 and a beta of 2.01. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The firm has a fifty day simple moving average of C$108.11 and a 200-day simple moving average of C$89.63. Aritzia has a one year low of C$36.51 and a one year high of C$121.99.

Aritzia (TSE:ATZ) last announced its earnings results on Thursday, October 9th. The company reported C$0.59 earnings per share (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 for the quarter. As a group, sell-side analysts predict that Aritzia will post 1.7771148 earnings per share for the current year.

About Aritzia

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. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.