Aritzia (TSE:ATZ) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Aritzia (TSE:ATZ) had its target price hoisted by analysts at Royal Bank Of Canada from C$195.00 to C$207.00 in a research report issued to clients and investors on Wednesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price objective indicates a potential upside of 35.01% from the stock’s current price.

ATZ has been the subject of a number of other research reports. Ventum Financial lifted their target price on shares of Aritzia from C$180.00 to C$186.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Scotiabank increased their price target on Aritzia from C$175.00 to C$185.00 and gave the stock a “sector outperform” rating in a research report on Wednesday. TD dropped their price target on Aritzia from C$200.00 to C$175.00 and set a “buy” rating for the company in a report on Friday, October 9th. Stifel Nicolaus lifted their price objective on Aritzia from C$180.00 to C$190.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, BMO Capital Markets reduced their price objective on Aritzia from C$196.00 to C$191.00 and set an “outperform” rating on the stock in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$180.24.

Aritzia Price Performance

Shares of ATZ traded down C$2.06 during trading hours on Wednesday, hitting C$153.32. The stock had a trading volume of 437,850 shares, compared to its average volume of 706,915. The stock has a market capitalization of C$17.36 billion, a price-to-earnings ratio of 30.91, a P/E/G 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. The company’s fifty day moving average is C$132.08 and its two-hundred day moving average is C$133.95. Aritzia has a 52 week low of C$92.30 and a 52 week high of C$174.52.

Aritzia (TSE:ATZ) last released its quarterly earnings results on Thursday, October 8th. The company reported C$1.31 EPS for the quarter. The firm 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%. On average, analysts anticipate that Aritzia will post 1.78 EPS for the current year.

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.