Aritzia (TSE:ATZ) Price Target Raised to C$132.00

by · The Cerbat Gem

Aritzia (TSE:ATZ – Free Report) had its target price raised by Stifel Nicolaus from C$100.00 to C$132.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on the company. Raymond James Financial increased their price objective on Aritzia from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Desjardins upped their target price on shares of Aritzia from C$95.00 to C$125.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Canaccord Genuity Group reduced their price target on shares of Aritzia from C$95.00 to C$93.00 in a report on Friday, October 10th. Truist Financial boosted their price objective on shares of Aritzia from C$102.00 to C$116.00 in a report on Thursday, October 30th. Finally, Wells Fargo & Company set a C$110.00 price objective on shares of Aritzia and gave the company an “equal weight” rating in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$117.92.

Check Out Our Latest Stock Analysis on ATZ

Aritzia Stock Up 2.0%

ATZ stock opened at C$123.80 on Monday. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. Aritzia has a 52-week low of C$36.51 and a 52-week high of C$126.02. The company has a 50-day moving average of C$109.11 and a two-hundred day moving average of C$90.26. The stock has a market capitalization of C$14.27 billion, a price-to-earnings ratio of 51.58, a price-to-earnings-growth ratio of 1.19 and a beta of 2.01.

Aritzia (TSE:ATZ – Get Free Report) last posted its quarterly earnings data on Thursday, October 9th. The company reported C$0.59 earnings per share for the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%.The business had revenue of C$812.05 million during the quarter. As a group, equities research analysts anticipate that Aritzia will post 1.7771148 EPS for the current year.

Aritzia Company Profile

(Get Free Report)

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.

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