Aritzia (TSE:ATZ) PT Set at C$175.00 by Desjardins

Aritzia (TSE:ATZ) has been given a C$175.00 price objective by investment analysts at Desjardins in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 21.60% from the company’s previous close.

Several other brokerages have also recently commented on ATZ. TD set a C$183.00 price target on shares of Aritzia and gave the stock a “buy” rating in a research report on Friday, June 26th. Canadian Imperial Bank of Commerce increased their price target on Aritzia from C$155.00 to C$171.00 in a research report on Sunday, May 10th. Stifel Nicolaus raised their price target on Aritzia from C$158.00 to C$180.00 in a research note on Friday, May 8th. Wells Fargo & Company upped their price objective on Aritzia from C$110.00 to C$140.00 in a research note on Wednesday, April 29th. Finally, BMO Capital Markets raised their target price on shares of Aritzia from C$163.00 to C$188.00 in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Aritzia has an average rating of “Buy” and an average price target of C$176.50.

Aritzia Stock Down 2.6%

ATZ stock traded down C$3.80 during mid-day trading on Wednesday, hitting C$143.92. 386,543 shares of the company were exchanged, compared to its average volume of 674,767. The company has a debt-to-equity ratio of 73.16, a quick ratio of 0.19 and a current ratio of 1.43. Aritzia has a 1-year low of C$70.70 and a 1-year high of C$174.52. The firm’s 50 day simple moving average is C$152.33 and its 200 day simple moving average is C$131.35. The firm has a market cap of C$16.49 billion, a P/E ratio of 44.97, a P/E/G ratio of 1.19 and a beta of 2.03.

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.