Aritzia (TSE:ATZ) Price Target Raised to C$186.00

Aritzia (TSE:ATZ) had its price target increased by equities researchers at Ventum Financial from C$180.00 to C$186.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. Ventum Financial’s target price indicates a potential upside of 16.41% from the company’s previous close.

Other research analysts have also issued reports about the company. Jefferies Financial Group upped their target price on Aritzia from C$165.00 to C$175.00 in a research report on Friday. Desjardins set a C$175.00 price target on Aritzia and gave the company a “buy” rating in a report on Wednesday. Truist Financial boosted their price target on Aritzia from C$164.00 to C$185.00 in a research note on Friday, May 8th. Royal Bank Of Canada raised their price objective on shares of Aritzia from C$193.00 to C$202.00 and gave the company an “outperform” rating in a research report on Friday. Finally, TD lifted their target price on shares of Aritzia from C$183.00 to C$200.00 and gave the company a “buy” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$183.13.

Aritzia Stock Up 7.2%

Shares of TSE:ATZ traded up C$10.80 during trading on Friday, reaching C$159.78. 1,225,130 shares of the company traded hands, compared to its average volume of 689,285. The firm has a fifty day simple moving average of C$152.66 and a 200 day simple moving average of C$131.78. The company has a quick ratio of 0.19, a current ratio of 1.43 and a debt-to-equity ratio of 73.16. Aritzia has a 1-year low of C$70.70 and a 1-year high of C$174.52. The firm has a market cap of C$18.31 billion, a P/E ratio of 49.93, a price-to-earnings-growth ratio of 1.19 and a beta of 2.03.

Aritzia (TSE:ATZ) last posted its quarterly earnings results on Thursday, July 9th. The company reported C$0.96 earnings per share for the quarter. Aritzia had a net margin of 10.31% and a return on equity of 30.33%. The business had revenue of C$951.01 million for the quarter. Analysts anticipate that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

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.