Aritzia (TSE:ATZ) Stock Price Target Raised at Scotiabank

Aritzia (TSE:ATZ) had its price target upped by equities research analysts at Scotiabank from C$175.00 to C$185.00 in a note issued to investors on Wednesday, BayStreet reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank‘s price target indicates a potential upside of 20.66% from the company’s previous close.

ATZ has been the topic of a number of other research reports. Royal Bank Of Canada raised their price target on Aritzia from C$193.00 to C$202.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Jefferies Financial Group cut Aritzia from a “buy” rating to a “hold” rating and set a C$160.00 price target for the company. in a report on Tuesday, October 13th. Stifel Nicolaus boosted 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. Ventum Financial upped their target price 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. Finally, Ventum Capital set a C$160.00 price target on shares of Aritzia and gave the company a “neutral” rating in a research report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Aritzia has a consensus rating of “Moderate Buy” and a consensus target price of C$180.24.

Aritzia Stock Down 1.3%

TSE:ATZ traded down C$2.06 during midday trading on Wednesday, hitting C$153.32. 437,850 shares of the company were exchanged, compared to its average volume of 706,915. The company has a fifty day simple moving average of C$132.08 and a 200 day simple moving average of C$133.95. The company has a market capitalization of C$17.36 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 1.19 and a beta of 2.18. Aritzia has a fifty-two week low of C$92.30 and a fifty-two week high of C$174.52. The company has a current ratio of 1.31, a quick ratio of 0.19 and a debt-to-equity ratio of 79.21.

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