Canaccord Genuity Group Raises Aritzia (TSE:ATZ) Price Target to C$193.00

Aritzia (TSE:ATZ) had its price objective raised by investment analysts at Canaccord Genuity Group from C$182.00 to C$193.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 20.79% from the company’s previous close.

ATZ has been the subject of a number of other research reports. Desjardins set a C$175.00 price target on shares of Aritzia and gave the stock a “buy” rating in a research note on Wednesday. Raymond James Financial upped their target price on shares of Aritzia from C$155.00 to C$200.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Stifel Nicolaus increased their target price on Aritzia from C$158.00 to C$180.00 in a research note on Friday, May 8th. Wells Fargo & Company increased their price objective on Aritzia from C$110.00 to C$140.00 in a research report on Wednesday, April 29th. Finally, TD set a C$183.00 price objective on shares of Aritzia and gave the company a “buy” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Aritzia currently has an average rating of “Moderate Buy” and an average price target of C$183.13.

Aritzia Stock Up 7.2%

Aritzia stock traded up C$10.80 during mid-day trading on Friday, reaching C$159.78. The stock had a trading volume of 1,225,130 shares, compared to its average volume of 689,285. The firm has a market capitalization of C$18.31 billion, a PE ratio of 49.93, a price-to-earnings-growth ratio of 1.19 and a beta of 2.03. Aritzia has a fifty-two week low of C$70.70 and a fifty-two week high of C$174.52. The stock’s 50-day simple moving average is C$152.66 and its 200-day simple moving average is C$131.78. The company has a debt-to-equity ratio of 73.16, a quick ratio of 0.19 and a current ratio of 1.43.

Aritzia (TSE:ATZ) last issued its quarterly earnings data on Thursday, July 9th. The company reported C$0.96 earnings per share (EPS) for the quarter. The business had revenue of C$951.01 million during the quarter. Aritzia had a net margin of 10.31% and a return on equity of 30.33%. On average, sell-side analysts forecast that Aritzia will post 1.7771148 EPS for the current fiscal year.

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.