Aritzia (TSE:ATZ) Stock Price Target Cut by BMO Capital Markets

Aritzia (TSE:ATZ) had its price objective dropped by equities researchers at BMO Capital Markets from C$196.00 to C$191.00 in a research note issued on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 56.57% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Desjardins set a C$180.00 price objective on Aritzia and gave the company a “buy” rating in a research note on Tuesday. Raymond James Financial decreased their price target on shares of Aritzia from C$200.00 to C$175.00 and set an “outperform” rating for the company in a research note on Tuesday. Stifel Nicolaus upped their price objective on shares of Aritzia from C$180.00 to C$190.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Royal Bank Of Canada lifted their price objective on shares of Aritzia from C$193.00 to C$202.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Finally, UBS Group boosted their target price on shares of Aritzia from C$189.00 to C$204.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$179.00.

Aritzia Stock Down 1.0%

Shares of ATZ traded down C$1.29 during trading hours on Thursday, hitting C$121.99. The stock had a trading volume of 347,855 shares, compared to its average volume of 690,373. 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 firm has a 50 day simple moving average of C$129.63 and a 200-day simple moving average of C$138.01. The firm has a market capitalization of C$13.98 billion, a P/E ratio of 31.85, a price-to-earnings-growth ratio of 1.19 and a beta of 2.18. Aritzia has a 1-year low of C$79.40 and a 1-year high of C$174.52.

Aritzia (TSE:ATZ) last posted its quarterly earnings results on Thursday, July 9th. The company reported C$0.96 earnings per share for the quarter. The business had revenue of C$951.01 million for the quarter. Aritzia had a return on equity of 34.33% and a net margin of 11.45%. Sell-side analysts predict 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.