Raymond James Financial Analysts Give Aritzia (TSE:ATZ) a C$175.00 Price Target

Raymond James Financial set a C$175.00 target price on Aritzia (TSE:ATZ) in a report published on Monday morning,BayStreet reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on ATZ. 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 report on Friday, July 10th. Ventum Capital raised their price target on shares of Aritzia from C$146.00 to C$160.00 and gave the company a “neutral” rating in a research report on Friday, October 9th. Canaccord Genuity Group raised their price target on shares of Aritzia from C$189.00 to C$194.00 and gave the company a “buy” rating in a research report on Friday, October 9th. National Bank Financial boosted their price objective on shares of Aritzia from C$171.00 to C$175.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Finally, Stifel Nicolaus boosted their price objective on shares of Aritzia from C$180.00 to C$190.00 and gave the stock a “buy” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Aritzia presently has a consensus rating of “Moderate Buy” and an average price target of C$177.69.

Aritzia Price Performance

ATZ opened at C$147.21 on Monday. The firm has a market cap of C$16.67 billion, a PE ratio of 29.68, a P/E/G ratio of 1.19 and a beta of 2.18. The stock has a 50-day moving average price of C$129.76 and a 200-day moving average price of C$139.09. Aritzia has a 1 year low of C$87.15 and a 1 year high of C$174.52. 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 announced its quarterly earnings data on Thursday, October 8th. The company reported C$1.31 EPS for the quarter. The company had revenue of C$1.17 billion for the quarter. Aritzia had a net margin of 13.62% and a return on equity of 42.25%. Sell-side analysts predict that Aritzia will post 1.78 earnings per share for the current fiscal 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.