Aritzia Inc. (TSE:ATZ) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Aritzia Inc. (TSE:ATZ) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$183.13.

A number of equities analysts have recently commented on the stock. Stifel Nicolaus raised their target price on shares of Aritzia from C$180.00 to C$190.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Ventum Financial upped their price target on shares of Aritzia from C$180.00 to C$186.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. TD raised their price objective on Aritzia from C$183.00 to C$200.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Desjardins set a C$175.00 price objective on Aritzia and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada upped their target price on Aritzia from C$193.00 to C$202.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th.

Aritzia Stock Performance

Aritzia stock opened at C$120.15 on Wednesday. The company has a market cap of C$13.77 billion, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 1.19 and a beta of 2.04. Aritzia has a 12 month low of C$79.40 and a 12 month high of C$174.52. The company has a debt-to-equity ratio of 76.35, a current ratio of 1.39 and a quick ratio of 0.19. The stock’s 50-day moving average is C$136.72 and its 200-day moving average is C$137.36.

Aritzia (TSE:ATZ) last posted its earnings results on Thursday, July 9th. The company reported C$0.96 earnings per share (EPS) for the quarter. The firm had revenue of C$951.01 million during the quarter. Aritzia had a net margin of 11.45% and a return on equity of 34.33%. Equities analysts anticipate that Aritzia will post 1.7771148 earnings per share for the current 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.