Aritzia Inc. (TSE:ATZ) Receives C$174.08 Consensus PT from Brokerages

Shares of Aritzia Inc. (TSE:ATZ) have been given a consensus rating of “Buy” by the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$176.50.

ATZ has been the subject of a number of research analyst reports. Desjardins boosted their target price 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. Royal Bank Of Canada increased their price target on Aritzia from C$175.00 to C$193.00 and gave the stock an “outperform” rating in a report on Sunday, May 10th. TD set a C$183.00 price objective on Aritzia and gave the company a “buy” rating in a report on Friday, June 26th. Truist Financial upped their target price on Aritzia from C$164.00 to C$185.00 in a research report on Friday, May 8th. Finally, Stifel Nicolaus increased their target price on Aritzia from C$158.00 to C$180.00 in a report on Friday, May 8th.

Aritzia Trading Down 2.1%

ATZ opened at C$153.11 on Friday. The company has a fifty day moving average price of C$151.74 and a two-hundred day moving average price of C$130.53. Aritzia has a 1-year low of C$70.70 and a 1-year high of C$174.52. The company has a market cap of C$17.55 billion, a P/E ratio of 47.85, a price-to-earnings-growth ratio of 1.19 and a beta of 2.01. The company has a current ratio of 1.43, a quick ratio of 0.19 and a debt-to-equity ratio of 73.16.

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.