Aritzia (TSE:ATZ) Price Target Raised to C$180.00 at Stifel Nicolaus

Aritzia (TSE:ATZ) had its target price raised by Stifel Nicolaus from C$158.00 to C$180.00 in a research report sent to investors on Friday,BayStreet.CA reports.

A number of other equities analysts have also commented on ATZ. National Bank Financial set a C$143.00 price objective on shares of Aritzia and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Canadian Imperial Bank of Commerce raised their price objective on shares of Aritzia from C$148.00 to C$155.00 and gave the stock an “outperformer” rating in a research note on Monday, May 4th. TD lifted their target price on shares of Aritzia from C$155.00 to C$183.00 and gave the company a “buy” rating in a research note on Friday. TD Securities lifted their target price on shares of Aritzia from C$133.00 to C$155.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Finally, Royal Bank Of Canada lifted their target price on shares of Aritzia from C$150.00 to C$175.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Aritzia presently has an average rating of “Buy” and an average target price of C$163.92.

Aritzia Trading Up 4.5%

Shares of TSE:ATZ opened at C$148.35 on Friday. The company has a 50 day moving average price of C$123.48 and a 200 day moving average price of C$116.01. Aritzia has a 1-year low of C$57.98 and a 1-year high of C$156.00. The company has a debt-to-equity ratio of 77.42, a quick ratio of 0.19 and a current ratio of 1.44. The stock has a market capitalization of C$17.18 billion, a price-to-earnings ratio of 50.63, a PEG ratio of 1.19 and a beta of 2.11.

Aritzia News Roundup

Here are the key news stories impacting Aritzia this week:

• Positive Sentiment: Aritzia reported Q4 profit that rose 35% year over year, with net revenue up almost 33%, signaling strong demand and healthy operating momentum. Aritzia’s Q4 profit spikes 35% from last year, net revenue up almost 33%
• Positive Sentiment: Multiple brokerages raised their price targets and maintained or reiterated buy ratings, including TD, BMO Capital Markets, Canaccord Genuity, Desjardins, Stifel, and Truist, suggesting analysts see further upside after the earnings beat. Analyst price target updates
• Positive Sentiment: New targets now cluster well above the recent share price, with several firms calling for C$175 to C$188 per share, reinforcing a bullish outlook for Aritzia’s growth and valuation. BMO price target update
• Neutral Sentiment: Coverage sources also noted that Aritzia now carries a consensus “Buy” recommendation from analysts, which supports sentiment but is largely a confirmation of already positive expectations. Consensus Buy recommendation

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