Aritzia (TSE:ATZ) Price Target Raised to C$190.00

Aritzia (TSE:ATZ) had its price target boosted by analysts at Stifel Nicolaus from C$180.00 to C$190.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 18.91% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. UBS Group raised their target price on shares of Aritzia from C$189.00 to C$204.00 and gave the company a “buy” rating in a research note on Friday, June 26th. National Bank Financial boosted their price target on shares of Aritzia from C$171.00 to C$175.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. BMO Capital Markets increased their price objective on shares of Aritzia from C$188.00 to C$196.00 and gave the company an “outperform” rating in a report on Friday. Royal Bank Of Canada raised their price objective on Aritzia from C$193.00 to C$202.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Raymond James Financial boosted 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. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$183.13.

Aritzia Stock Performance

ATZ stock traded up C$10.80 on Friday, hitting C$159.78. The company had a trading volume of 1,225,130 shares, compared to its average volume of 689,285. 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 has a 12-month low of C$70.70 and a 12-month high of C$174.52. The stock has a market cap of C$18.31 billion, a price-to-earnings ratio of 49.93, a P/E/G ratio of 1.19 and a beta of 2.03. The stock’s 50-day simple moving average is C$152.66 and its 200 day simple moving average is C$131.78.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Thursday, July 9th. The company reported C$0.96 earnings per share (EPS) for the quarter. The company had revenue of C$951.01 million for the quarter. Aritzia had a net margin of 10.31% and a return on equity of 30.33%. As a group, equities research analysts expect that Aritzia will post 1.7771148 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.