Aritzia (TSE:ATZ) Price Target Raised to C$140.00 at Jefferies Financial Group

Aritzia (TSE:ATZ) had its price target increased by investment analysts at Jefferies Financial Group from C$114.00 to C$140.00 in a research note issued on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s target price would suggest a potential upside of 16.31% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. CIBC raised their price objective on Aritzia from C$95.00 to C$132.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Canaccord Genuity Group decreased their price target on shares of Aritzia from C$95.00 to C$93.00 in a research report on Friday, October 10th. Stifel Nicolaus upped their price target on shares of Aritzia from C$100.00 to C$132.00 in a report on Monday. 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 note on Friday, December 12th. Finally, Desjardins raised their price objective on shares of Aritzia from C$95.00 to C$125.00 and gave the stock a “buy” rating in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Aritzia presently has a consensus rating of “Buy” and an average price target of C$116.25.

Aritzia Stock Up 2.7%

Shares of ATZ traded up C$3.16 during mid-day trading on Tuesday, reaching C$120.37. 452,183 shares of the stock traded hands, compared to its average volume of 528,161. The stock has a fifty day simple moving average of C$108.11 and a 200 day simple moving average of C$89.63. Aritzia has a 12-month low of C$36.51 and a 12-month high of C$121.99. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The firm has a market cap of C$13.88 billion, a price-to-earnings ratio of 50.15, a P/E/G ratio of 1.19 and a beta of 2.01.

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