Aritzia (TSE:ATZ) Posts Quarterly Earnings Results

Aritzia (TSE:ATZ) issued its earnings results on Thursday. The company reported C$1.31 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$1.17 billion during the quarter. Aritzia had a net margin of 11.45% and a return on equity of 34.33%.

Aritzia Stock Down 1.1%

Aritzia stock traded down C$1.39 during trading hours on Thursday, reaching C$121.89. The stock had a trading volume of 639,715 shares, compared to its average volume of 691,926. The company has a market cap of C$13.97 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 1.19 and a beta of 2.18. The company has a debt-to-equity ratio of 76.35, a current ratio of 1.39 and a quick ratio of 0.19. The business’s 50 day moving average price is C$129.63 and its 200-day moving average price is C$138.01. Aritzia has a 52 week low of C$79.40 and a 52 week high of C$174.52.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group decreased their price objective on shares of Aritzia from C$193.00 to C$189.00 and set a “buy” rating for the company in a report on Thursday, October 1st. National Bank Financial lifted their price target on shares of Aritzia from C$171.00 to C$175.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. BMO Capital Markets dropped their price objective on Aritzia from C$196.00 to C$191.00 and set an “outperform” rating on the stock in a research note on Thursday. Royal Bank Of Canada raised their price objective on Aritzia from C$193.00 to C$202.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Finally, Ventum Financial raised their price target on Aritzia from C$180.00 to C$186.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$179.00.

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.