Aritzia (TSE:ATZ) Price Target Raised to C$185.00

Aritzia (TSE:ATZ) had its price target upped by Scotiabank from C$175.00 to C$185.00 in a research note published on Wednesday,BayStreet reports. They currently have a sector outperform rating on the stock.

A number of other research firms have also commented on ATZ. Canaccord Genuity Group upped their price objective on shares of Aritzia from C$189.00 to C$194.00 and gave the company a “buy” rating in a research note on Friday, October 9th. BMO Capital Markets decreased their price objective on shares of Aritzia from C$196.00 to C$191.00 and set an “outperform” rating for the company in a research report on Thursday, October 8th. Ventum Capital set a C$160.00 target price on shares of Aritzia and gave the stock a “neutral” rating in a research note on Wednesday, October 21st. Ventum Financial lifted their target price on shares of Aritzia from C$180.00 to C$186.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Finally, Royal Bank Of Canada boosted their target price on shares of Aritzia from C$193.00 to C$202.00 and gave the company an “outperform” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Aritzia presently has a consensus rating of “Moderate Buy” and an average target price of C$181.00.

Aritzia Stock Performance

Shares of ATZ stock opened at C$155.50 on Wednesday. The business’s 50 day simple moving average is C$133.28 and its 200 day simple moving average is C$134.31. Aritzia has a one year low of C$92.30 and a one year high of C$174.52. The stock has a market capitalization of C$17.61 billion, a PE ratio of 31.35, a PEG ratio of 1.19 and a beta of 2.18. The company has a debt-to-equity ratio of 79.21, a current ratio of 1.31 and a quick ratio of 0.19.

Aritzia (TSE:ATZ) last released its earnings results on Thursday, October 8th. The company reported C$1.31 earnings per share for the quarter. Aritzia had a net margin of 13.62% and a return on equity of 42.25%. The business had revenue of C$1.17 billion during the quarter. As a group, research analysts forecast that Aritzia will post 1.78 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.