Brokerages Set Aritzia Inc. (TSE:ATZ) Target Price at C$183.13

Aritzia Inc. (TSE:ATZ) has received an average rating of “Moderate Buy” from the fifteen research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$183.13.

Several brokerages have issued reports on ATZ. Canadian Imperial Bank of Commerce boosted their target price on shares of Aritzia from C$155.00 to C$171.00 in a research note on Sunday, May 10th. Canaccord Genuity Group upped their price objective on shares of Aritzia from C$182.00 to C$193.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Raymond James Financial raised their target price on Aritzia from C$155.00 to C$200.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. UBS Group raised their price target on shares of Aritzia from C$189.00 to C$204.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, Jefferies Financial Group boosted their target price on shares of Aritzia from C$165.00 to C$175.00 in a research note on Friday, July 10th.

Aritzia Stock Performance

Shares of ATZ opened at C$137.80 on Tuesday. Aritzia has a 1 year low of C$70.70 and a 1 year high of C$174.52. The company has a debt-to-equity ratio of 76.35, a quick ratio of 0.19 and a current ratio of 1.39. The company has a market cap of C$15.79 billion, a price-to-earnings ratio of 35.98, a price-to-earnings-growth ratio of 1.19 and a beta of 2.03. The firm has a fifty day moving average of C$152.73 and a 200-day moving average of C$134.02.

Aritzia (TSE:ATZ) last announced its earnings results on Thursday, July 9th. The company reported C$0.96 earnings per share (EPS) for the quarter. The firm had revenue of C$951.01 million during the quarter. Aritzia had a net margin of 11.45% and a return on equity of 34.33%. As a group, equities analysts anticipate that Aritzia will post 1.7771148 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.