Aritzia (TSE:ATZ) Price Target Raised to C$175.00

Aritzia (TSE:ATZ) had its target price boosted by analysts at Royal Bank Of Canada from C$150.00 to C$175.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 25.30% from the stock’s previous close.

A number of other analysts have also recently weighed in on ATZ. Wells Fargo & Company raised their price objective on Aritzia from C$110.00 to C$140.00 in a research report on Wednesday, April 29th. Truist Financial raised their price objective on Aritzia from C$116.00 to C$157.00 in a research report on Friday, January 9th. Raymond James Financial raised their price objective on Aritzia from C$110.00 to C$130.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. BMO Capital Markets set a C$163.00 price objective on Aritzia and gave the stock an “outperform” rating in a research report on Thursday, March 19th. Finally, Canadian Imperial Bank of Commerce raised their price objective on Aritzia from C$148.00 to C$155.00 and gave the stock an “outperformer” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Aritzia currently has a consensus rating of “Buy” and a consensus target price of C$151.08.

Aritzia Stock Down 4.6%

Shares of Aritzia stock traded down C$6.75 during trading on Monday, reaching C$139.67. The company’s stock had a trading volume of 326,786 shares, compared to its average volume of 662,983. The company has a quick ratio of 0.19, a current ratio of 1.44 and a debt-to-equity ratio of 77.42. The company has a market cap of C$16.17 billion, a price-to-earnings ratio of 47.67, a P/E/G ratio of 1.19 and a beta of 1.95. Aritzia has a 1-year low of C$54.87 and a 1-year high of C$147.85. The company has a 50-day simple moving average of C$122.40 and a two-hundred day simple moving average of C$114.86.

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.