CIBC Boosts Aritzia (TSE:ATZ) Price Target to C$148.00

Aritzia (TSE:ATZ) had its price objective upped by stock analysts at CIBC from C$132.00 to C$148.00 in a report released on Friday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 14.78% from the company’s current price.

A number of other brokerages have also recently issued reports on ATZ. Jefferies Financial Group raised their price objective on Aritzia from C$114.00 to C$140.00 in a research note on Tuesday. Wells Fargo & Company lifted their price target on Aritzia from C$110.00 to C$120.00 in a research note on Friday. The Goldman Sachs Group upgraded Aritzia to a “strong-buy” rating in a research report on Thursday, December 11th. Stifel Nicolaus raised their target price on shares of Aritzia from C$100.00 to C$132.00 and gave the stock a “buy” rating in a report on Monday. Finally, TD Securities upped their price target on shares of Aritzia from C$110.00 to C$133.00 in a report on Monday, December 22nd. One research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$135.92.

Aritzia Stock Performance

Shares of TSE ATZ traded up C$3.69 during trading on Friday, reaching C$128.94. 1,395,314 shares of the stock traded hands, compared to its average volume of 815,033. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The stock has a market capitalization of C$14.86 billion, a P/E ratio of 53.73, a price-to-earnings-growth ratio of 1.19 and a beta of 2.01. Aritzia has a 52-week low of C$36.51 and a 52-week high of C$135.00. The company has a 50-day moving average of C$109.71 and a 200-day moving average of C$90.50.

Aritzia (TSE:ATZ) last issued its earnings results on Thursday, January 8th. The company reported C$1.10 earnings per share (EPS) for the quarter. Aritzia had a net margin of 5.24% and a return on equity of 15.24%. The business had revenue of C$1.04 billion for the quarter. Analysts forecast that Aritzia will post 1.7771148 EPS for the current fiscal year.

About Aritzia

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.