Aritzia (TSE:ATZ) Given New C$193.00 Price Target at Canaccord Genuity Group

Aritzia (TSE:ATZ) had its price target raised by Canaccord Genuity Group from C$182.00 to C$193.00 in a research report sent to investors on Friday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company boosted their price objective on shares of Aritzia from C$110.00 to C$140.00 in a research report on Wednesday, April 29th. Stifel Nicolaus raised their target price on shares of Aritzia from C$158.00 to C$180.00 in a report on Friday, May 8th. Royal Bank Of Canada lifted their target price on shares of Aritzia from C$175.00 to C$193.00 and gave the stock an “outperform” rating in a research report on Sunday, May 10th. Raymond James Financial upped their price target on shares of Aritzia from C$155.00 to C$200.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Aritzia from C$155.00 to C$171.00 in a research report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$183.13.

Aritzia Price Performance

ATZ stock traded up C$11.07 during midday trading on Friday, hitting C$160.05. 1,920,828 shares of the stock were exchanged, compared to its average volume of 694,866. The stock’s 50-day moving average price is C$153.06 and its 200-day moving average price is C$131.98. The company has a debt-to-equity ratio of 73.16, a quick ratio of 0.19 and a current ratio of 1.43. The stock has a market cap of C$18.34 billion, a price-to-earnings ratio of 50.02, a PEG ratio of 1.19 and a beta of 2.03. Aritzia has a fifty-two week low of C$70.70 and a fifty-two week high of C$174.52.

Aritzia (TSE:ATZ) last posted its earnings results on Thursday, July 9th. The company reported C$0.96 earnings per share for the quarter. The company had revenue of C$951.01 million for the quarter. Aritzia had a return on equity of 30.33% and a net margin of 10.31%. Research analysts predict that Aritzia will post 1.7771148 earnings per share for the current year.

Trending Headlines about Aritzia

Here are the key news stories impacting Aritzia this week:

• Positive Sentiment: Aritzia reported first-quarter EPS of C$0.96 on revenue of C$951.0 million, with net income and revenue both jumping sharply versus a year ago, reinforcing the view that demand and profitability remain strong. Aritzia Reports First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: BMO Capital Markets raised its price target to C$196 from C$188 and kept an outperform rating, signaling confidence in further upside. BMO price target raised
• Positive Sentiment: Royal Bank of Canada lifted its target to C$202 from C$193 and reiterated an outperform rating, one of several bullish calls helping support the shares. RBC price target raised
• Positive Sentiment: TD, Canaccord Genuity, Stifel, and Jefferies all raised their targets as well, with most maintaining buy/outperform views, suggesting analysts expect the post-earnings momentum to continue. Multiple analyst price target raises
• Neutral Sentiment: Ventum Financial also increased its target to C$186, but kept a neutral rating, indicating valuation may be getting closer to fair value despite the strong operating results. Ventum target raised

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.