Aritzia (TSE:ATZ) Price Target Raised to C$175.00

Aritzia (TSE:ATZ) had its price target raised by equities research analysts at National Bank Financial from C$171.00 to C$175.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 13.75% from the company’s previous close.

A number of other analysts also recently commented on the company. Stifel Nicolaus boosted their target price on Aritzia from C$158.00 to C$180.00 in a research report on Friday, May 8th. Desjardins raised their price target on Aritzia from C$148.00 to C$175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. TD set a C$183.00 price target on Aritzia and gave the stock a “buy” rating in a research note on Friday. Royal Bank Of Canada boosted their price objective on shares of Aritzia from C$175.00 to C$193.00 and gave the stock an “outperform” rating in a research report on Sunday, May 10th. Finally, Truist Financial increased their price objective on shares of Aritzia from C$164.00 to C$185.00 in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$176.50.

Aritzia Price Performance

Shares of ATZ traded down C$4.38 on Monday, reaching C$153.84. The stock had a trading volume of 443,383 shares, compared to its average volume of 664,876. The firm has a market capitalization of C$17.63 billion, a PE ratio of 48.07, a PEG ratio of 1.19 and a beta of 2.01. The company has a quick ratio of 0.19, a current ratio of 1.43 and a debt-to-equity ratio of 73.16. The firm has a 50-day moving average of C$150.37 and a 200 day moving average of C$129.41. Aritzia has a twelve month low of C$69.08 and a twelve month high of C$174.52.

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.