Aritzia Inc. (TSE:ATZ) Receives C$151.08 Average Price Target from Analysts

Shares of Aritzia Inc. (TSE:ATZ) have been given a consensus recommendation of “Buy” by the thirteen analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$174.08.

Several analysts have commented on ATZ shares. Royal Bank Of Canada increased their price target on shares of Aritzia from C$175.00 to C$193.00 and gave the company an “outperform” rating in a research report on Sunday. Canadian Imperial Bank of Commerce increased their price target on shares of Aritzia from C$155.00 to C$171.00 in a research report on Sunday. Canaccord Genuity Group increased their price target on shares of Aritzia from C$166.00 to C$182.00 and gave the company a “buy” rating in a research report on Friday. TD increased their price target on shares of Aritzia from C$155.00 to C$183.00 and gave the company a “buy” rating in a research report on Friday. Finally, BMO Capital Markets increased their price target on shares of Aritzia from C$163.00 to C$188.00 in a research report on Friday.

Aritzia Stock Performance

ATZ stock opened at C$145.25 on Thursday. The firm has a market cap of C$16.64 billion, a price-to-earnings ratio of 45.39, a PEG ratio of 1.19 and a beta of 2.11. The firm has a 50-day simple moving average of C$124.15 and a two-hundred day simple moving average of C$116.79. Aritzia has a one year low of C$60.57 and a one year high of C$156.00. The company has a debt-to-equity ratio of 73.16, a quick ratio of 0.19 and a current ratio of 1.43.

More Aritzia News

Here are the key news stories impacting Aritzia this week:

• Positive Sentiment: Raymond James raised its price target on Aritzia from C$155 to C$200 and kept an outperform rating, implying meaningful upside from current levels. BayStreet.CA analyst rating update
• Positive Sentiment: National Bank Financial lifted its target from C$143 to C$171 and also reiterated an outperform view, adding to the bullish analyst consensus. BayStreet.CA analyst rating update
• Positive Sentiment: Royal Bank of Canada increased its target to C$193, while CIBC, TD, Truist, Desjardins, and Canaccord also raised targets over the past couple of days, signaling broad analyst optimism around Aritzia’s growth outlook and U.S. expansion prospects. RBC price target update
• Neutral Sentiment: A Seeking Alpha commentary piece titled Aritzia: Threading The Needle On Hypergrowth And U.S. Expansion highlights investor focus on the company’s growth strategy, but it does not appear to include a major new catalyst on its own. Seeking Alpha article

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.