Ventum Capital Cuts Aritzia (TSE:ATZ) Price Target to C$146.00

by · The Markets Daily

Aritzia (TSE:ATZ – Free Report) had its target price trimmed by Ventum Capital from C$186.00 to C$146.00 in a research note released on Wednesday,BayStreet reports. The firm currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the stock. Desjardins set a C$175.00 price objective on shares of Aritzia and gave the company a “buy” rating in a research report on Wednesday, July 8th. Canaccord Genuity Group boosted their price target on Aritzia from C$182.00 to C$193.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Jefferies Financial Group increased their price target on Aritzia from C$165.00 to C$175.00 in a report on Friday, July 10th. Ventum Financial lifted their price objective on Aritzia from C$180.00 to C$186.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Finally, Royal Bank Of Canada upped their target price on Aritzia from C$193.00 to C$202.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$180.56.

Check Out Our Latest Analysis on Aritzia

Aritzia Trading Up 1.6%

ATZ opened at C$122.66 on Wednesday. The firm’s 50 day moving average is C$130.46 and its 200-day moving average is C$137.60. Aritzia has a 52-week low of C$79.40 and a 52-week high of C$174.52. The company has a quick ratio of 0.19, a current ratio of 1.39 and a debt-to-equity ratio of 76.35. The firm has a market capitalization of C$14.05 billion, a P/E ratio of 32.03, a P/E/G ratio of 1.19 and a beta of 2.04.

Aritzia (TSE:ATZ – Get Free Report) last released its quarterly earnings results on Thursday, July 9th. The company reported C$0.96 earnings per share for the quarter. Aritzia had a net margin of 11.45% and a return on equity of 34.33%. The business had revenue of C$951.01 million during the quarter. Analysts expect that Aritzia will post 1.7771148 EPS for the current fiscal year.

About Aritzia

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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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