Aritzia Inc. (TSE:ATZ) Receives Consensus Rating of “Buy” from Brokerages

Shares of Aritzia Inc. (TSE:ATZ) have earned a consensus recommendation of “Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$174.08.

A number of research firms recently commented on ATZ. Wells Fargo & Company lifted their price objective on Aritzia from C$110.00 to C$140.00 in a research report on Wednesday, April 29th. National Bank Financial lifted their price objective on Aritzia from C$143.00 to C$171.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Canaccord Genuity Group lifted their price objective on Aritzia from C$166.00 to C$182.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Truist Financial raised their price target on Aritzia from C$164.00 to C$185.00 in a research note on Friday, May 8th. Finally, Royal Bank Of Canada raised their price target on Aritzia from C$175.00 to C$193.00 and gave the stock an “outperform” rating in a research note on Sunday, May 10th.

Aritzia Stock Performance

Aritzia stock opened at C$157.75 on Monday. The stock has a market cap of C$18.07 billion, a PE ratio of 49.30, a P/E/G ratio of 1.19 and a beta of 2.01. The stock has a 50-day moving average price of C$137.38 and a 200 day moving average price of C$123.74. Aritzia has a 52 week low of C$65.00 and a 52 week high of C$161.84. The company has a current ratio of 1.43, a quick ratio of 0.19 and a debt-to-equity ratio of 73.16.

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.