Aritzia (TSE:ATZ) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Aritzia (TSE:ATZ) had its price target raised by equities research analysts at Royal Bank Of Canada from C$175.00 to C$193.00 in a research report issued on Sunday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 30.10% from the company’s previous close.

ATZ has been the topic of several other research reports. Stifel Nicolaus lifted their price target on shares of Aritzia from C$158.00 to C$180.00 in a research report on Friday. TD lifted their price target on shares of Aritzia from C$155.00 to C$183.00 and gave the stock a “buy” rating in a research report on Friday. National Bank Financial set a C$143.00 price target on shares of Aritzia and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Desjardins lifted their price target on shares of Aritzia from C$148.00 to C$175.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wells Fargo & Company lifted their price target on shares of Aritzia from C$110.00 to C$140.00 in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$166.54.

Aritzia Price Performance

Aritzia stock traded up C$6.35 during mid-day trading on Friday, hitting C$148.35. The company’s stock had a trading volume of 1,300,184 shares, compared to its average volume of 700,316. The company has a quick ratio of 0.19, a current ratio of 1.43 and a debt-to-equity ratio of 73.16. The stock has a market capitalization of C$17.18 billion, a P/E ratio of 50.63, a P/E/G ratio of 1.19 and a beta of 2.11. Aritzia has a twelve month low of C$57.98 and a twelve month high of C$156.00. The stock’s fifty day moving average price is C$123.48 and its two-hundred day moving average price is C$116.01.

Key Aritzia News

Here are the key news stories impacting Aritzia this week:

• Positive Sentiment: Aritzia reported Q4 profit that rose 35% year over year, with net revenue up almost 33%, signaling strong demand and healthy operating momentum. Aritzia’s Q4 profit spikes 35% from last year, net revenue up almost 33%
• Positive Sentiment: Multiple brokerages raised their price targets and maintained or reiterated buy ratings, including TD, BMO Capital Markets, Canaccord Genuity, Desjardins, Stifel, and Truist, suggesting analysts see further upside after the earnings beat. Analyst price target updates
• Positive Sentiment: New targets now cluster well above the recent share price, with several firms calling for C$175 to C$188 per share, reinforcing a bullish outlook for Aritzia’s growth and valuation. BMO price target update
• Neutral Sentiment: Coverage sources also noted that Aritzia now carries a consensus “Buy” recommendation from analysts, which supports sentiment but is largely a confirmation of already positive expectations. Consensus Buy recommendation

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.