Aritzia (TSE:ATZ) Given New C$185.00 Price Target at Truist Financial

Aritzia (TSE:ATZ) had its target price increased by Truist Financial from C$164.00 to C$185.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Several other research firms also recently weighed in on ATZ. Canaccord Genuity Group boosted their price target on Aritzia from C$135.00 to C$164.00 and gave the company a “buy” rating in a research note on Friday, January 9th. TD Securities boosted their price target on Aritzia from C$133.00 to C$155.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Stifel Nicolaus boosted their price target on Aritzia from C$150.00 to C$158.00 and gave the company a “buy” rating in a research note on Monday, April 27th. National Bank Financial set a C$143.00 price target on Aritzia and gave the company an “outperform” rating in a research note on Thursday, April 9th. Finally, BMO Capital Markets boosted their price target on Aritzia from C$163.00 to C$188.00 in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$163.92.

Aritzia Stock Up 4.5%

Shares of ATZ stock opened at C$148.35 on Friday. Aritzia has a 1-year low of C$57.98 and a 1-year high of C$156.00. The stock’s fifty day moving average price is C$123.48 and its 200 day moving average price is C$116.01. The company has a debt-to-equity ratio of 77.42, a current ratio of 1.44 and a quick ratio of 0.19. The company has a market cap of C$17.18 billion, a price-to-earnings ratio of 50.63, a price-to-earnings-growth ratio of 1.19 and a beta of 2.11.

Trending Headlines about Aritzia

Here are the key news stories impacting Aritzia this week:

• Positive Sentiment: Aritzia reported Q4 profit that rose 35% year over year, with net revenue up almost 33%, signaling strong demand and healthy operating momentum. Aritzia’s Q4 profit spikes 35% from last year, net revenue up almost 33%
• Positive Sentiment: Multiple brokerages raised their price targets and maintained or reiterated buy ratings, including TD, BMO Capital Markets, Canaccord Genuity, Desjardins, Stifel, and Truist, suggesting analysts see further upside after the earnings beat. Analyst price target updates
• Positive Sentiment: New targets now cluster well above the recent share price, with several firms calling for C$175 to C$188 per share, reinforcing a bullish outlook for Aritzia’s growth and valuation. BMO price target update
• Neutral Sentiment: Coverage sources also noted that Aritzia now carries a consensus “Buy” recommendation from analysts, which supports sentiment but is largely a confirmation of already positive expectations. Consensus Buy recommendation

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.