Aritzia (TSE:ATZ) Price Target Raised to C$125.00

Aritzia (TSE:ATZ) had its price objective boosted by Desjardins from C$95.00 to C$125.00 in a report released on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also issued reports on ATZ. Raymond James Financial boosted their target price on shares of Aritzia from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Wells Fargo & Company set a C$110.00 price target on shares of Aritzia and gave the stock an “equal weight” rating in a research report on Friday, December 12th. 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. Jefferies Financial Group increased their target price on shares of Aritzia from C$87.00 to C$92.00 in a research note on Friday, October 10th. Finally, Stifel Nicolaus lifted their target price on Aritzia from C$96.00 to C$100.00 in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$105.58.

Aritzia Price Performance

Shares of TSE:ATZ opened at C$117.38 on Friday. The company has a market cap of C$13.53 billion, a price-to-earnings ratio of 48.91, a PEG ratio of 1.19 and a beta of 1.97. The business has a 50 day moving average price of C$102.38 and a 200 day moving average price of C$85.79. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. Aritzia has a twelve month low of C$36.51 and a twelve month high of C$117.79.

Aritzia (TSE:ATZ) last issued its quarterly earnings results on Thursday, October 9th. The company reported C$0.59 EPS for the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%.The company had revenue of C$812.05 million for the quarter. Research analysts predict that Aritzia will post 1.7771148 earnings per share for the current year.

Aritzia Company Profile

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.