Aritzia (TSE:ATZ) PT Set at C$175.00 by Raymond James Financial

Aritzia (TSE:ATZ) has been assigned a C$175.00 price objective by equities research analysts at Raymond James Financial in a research report issued on Monday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price objective indicates a potential upside of 19.12% from the company’s previous close.

Several other brokerages have also recently weighed in on ATZ. National Bank Financial increased their price target on shares of Aritzia from C$171.00 to C$175.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. TD decreased their price objective on shares of Aritzia from C$200.00 to C$175.00 and set a “buy” rating on the stock in a research report on Friday. Royal Bank Of Canada boosted their price objective on shares of Aritzia from C$193.00 to C$202.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Ventum Capital upped their price objective on shares of Aritzia from C$146.00 to C$160.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Canaccord Genuity Group increased their target price on shares of Aritzia from C$189.00 to C$194.00 and gave the stock a “buy” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$178.62.

Aritzia Price Performance

Shares of TSE ATZ remained flat at C$146.91 during midday trading on Monday. The stock had a trading volume of 2,316,684 shares, compared to its average volume of 700,307. Aritzia has a 12 month low of C$84.48 and a 12 month high of C$174.52. The company has a debt-to-equity ratio of 79.21, a quick ratio of 0.19 and a current ratio of 1.31. The company’s 50 day simple moving average is C$129.44 and its two-hundred day simple moving average is C$138.38. The company has a market cap of C$16.63 billion, a PE ratio of 29.62, a PEG ratio of 1.19 and a beta of 2.18.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, October 8th. The company reported C$1.31 earnings per share for the quarter. The firm had revenue of C$1.17 billion during the quarter. Aritzia had a return on equity of 42.25% and a net margin of 13.62%. As a group, equities research analysts expect that Aritzia will post 1.78 EPS 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.