BMO Capital Markets Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ) had its target price boosted by stock analysts at BMO Capital Markets from C$160.00 to C$163.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 32.50% from the stock’s previous close.

A number of other research firms have also recently weighed in on ATZ. TD Securities boosted their price target on Aritzia from C$133.00 to C$155.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Royal Bank Of Canada lifted their price objective on Aritzia from C$116.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. Desjardins upped their target price on shares of Aritzia from C$125.00 to C$133.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. The Goldman Sachs Group raised shares of Aritzia to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Raymond James Financial lifted 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, January 7th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$139.67.

Aritzia Stock Performance

Shares of Aritzia stock traded down C$4.23 during trading hours on Monday, hitting C$123.02. 302,989 shares of the company were exchanged, compared to its average volume of 723,678. The stock has a market capitalization of C$14.24 billion, a price-to-earnings ratio of 41.99, a P/E/G ratio of 1.19 and a beta of 2.09. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. Aritzia has a 1 year low of C$36.51 and a 1 year high of C$139.59. The business has a 50-day moving average of C$118.81 and a 200-day moving average of C$100.96.

Aritzia (TSE:ATZ) last posted its quarterly earnings results on Thursday, January 8th. The company reported C$1.10 earnings per share (EPS) 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%. As a group, analysts expect 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.