Aritzia (TSE:ATZ) Price Target Raised to C$207.00

Aritzia (TSE:ATZ) had its price target upped by Royal Bank Of Canada from C$195.00 to C$207.00 in a research report released on Wednesday,BayStreet reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other research analysts have also commented on ATZ. Desjardins set a C$180.00 price objective on Aritzia and gave the stock a “buy” rating in a report on Tuesday, October 6th. Raymond James Financial set a C$175.00 price objective on shares of Aritzia and gave the stock an “outperform” rating in a research report on Monday, October 12th. TD lowered their target price on shares of Aritzia from C$200.00 to C$175.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Scotiabank lifted their target price on shares of Aritzia from C$175.00 to C$185.00 and gave the company a “sector outperform” rating in a research report on Wednesday. Finally, Ventum Financial lifted their target price on shares of Aritzia from C$180.00 to C$186.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$181.00.

Aritzia Price Performance

Aritzia stock opened at C$155.50 on Wednesday. The stock has a market cap of C$17.61 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 1.19 and a beta of 2.18. The company has a quick ratio of 0.19, a current ratio of 1.31 and a debt-to-equity ratio of 79.21. The business has a 50-day simple moving average of C$133.28 and a 200 day simple moving average of C$134.31. Aritzia has a 52 week low of C$92.30 and a 52 week high of C$174.52.

Aritzia (TSE:ATZ) last released its quarterly earnings results on Thursday, October 8th. The company reported C$1.31 earnings per share for the quarter. Aritzia had a return on equity of 42.25% and a net margin of 13.62%. The firm had revenue of C$1.17 billion for the quarter. On average, research analysts forecast 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.