Aritzia (TSE:ATZ) Price Target Raised to C$150.00 at Royal Bank Of Canada

by · The Markets Daily

Aritzia (TSE:ATZ – Get Free Report) had its price objective boosted by investment analysts at Royal Bank Of Canada from C$116.00 to C$150.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 16.33% from the stock’s previous close.

ATZ has been the subject of several other reports. The Goldman Sachs Group raised Aritzia to a “strong-buy” rating in a research note on Thursday, December 11th. Jefferies Financial Group upped their target price on shares of Aritzia from C$114.00 to C$140.00 in a research note on Tuesday. Truist Financial raised their target price on shares of Aritzia from C$116.00 to C$157.00 in a report on Friday. Raymond James Financial boosted their price target on shares of Aritzia from C$110.00 to C$130.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Desjardins lifted their price objective on shares of Aritzia from C$125.00 to C$133.00 and gave the stock a “buy” rating in a research report on Tuesday. One investment 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. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$135.92.

Get Our Latest Stock Analysis on ATZ

Aritzia Trading Up 2.9%

ATZ traded up C$3.69 during mid-day trading on Friday, hitting C$128.94. 1,395,314 shares of the stock were exchanged, compared to its average volume of 815,033. The company has a market cap of C$14.86 billion, a PE ratio of 53.73, a PEG ratio of 1.19 and a beta of 2.01. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. The firm’s fifty day moving average is C$109.71 and its two-hundred day moving average is C$90.50. Aritzia has a 1-year low of C$36.51 and a 1-year high of C$135.00.

Aritzia (TSE:ATZ – Get Free Report) last announced its quarterly earnings data on Thursday, January 8th. The company reported C$1.10 earnings per share for the quarter. The firm had revenue of C$1.04 billion during the quarter. Aritzia had a net margin of 5.24% and a return on equity of 15.24%. Equities analysts forecast that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Aritzia Company Profile

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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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