Cantor Fitzgerald Initiates Coverage on Aritzia (TSE:ATZ)

Equities research analysts at Cantor Fitzgerald began coverage on shares of Aritzia (TSE:ATZ) in a research note issued on Monday, Zacks reports. The brokerage set a “strong-buy” rating on the stock.

Other analysts also recently issued research reports about the company. Raymond James Financial set a C$175.00 price target on Aritzia and gave the company an “outperform” rating in a research note on Monday, October 12th. Royal Bank Of Canada upped their price objective on Aritzia from C$195.00 to C$207.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. Ventum Capital increased their price objective on Aritzia from C$160.00 to C$173.00 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. Scotiabank lifted their target price on Aritzia from C$175.00 to C$185.00 and gave the company a “sector outperform” rating in a research report on Wednesday, October 28th. Finally, BMO Capital Markets dropped their target price on Aritzia from C$196.00 to C$191.00 and set an “outperform” rating on the stock in a research report on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$181.00.

Aritzia Stock Down 3.1%

TSE:ATZ opened at C$157.02 on Monday. Aritzia has a 1 year low of C$94.36 and a 1 year high of C$174.52. The stock has a 50-day moving average price of C$136.64 and a two-hundred day moving average price of C$135.37. The stock has a market cap of C$17.78 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 1.19 and a beta of 2.19. The company has a current ratio of 1.31, a quick ratio of 0.19 and a debt-to-equity ratio of 79.21.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Thursday, October 8th. The company reported C$1.31 EPS for the quarter. The business 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%. As a group, equities analysts expect that Aritzia will post 1.78 earnings per share for the current year.

About Aritzia

Aritzia is a design house with an innovative global platform. We are creators and purveyors of covetable styles for every function and individual aesthetic. We’re about good design, quality materials and making pieces you’ll wear again and again – all with the wellbeing of our People and Planet in mind. Founded in 1984 in Vancouver, Canada, we pride ourselves on creating immersive, highly personalized shopping experiences at aritzia.com, on our app and in our 145+ boutiques throughout North America – for everyone, everywhere.