Aritzia (TSE:ATZ) Stock Price Expected to Rise, CIBC Analyst Says

Aritzia (TSE:ATZ) had its price objective boosted by investment analysts at CIBC from C$95.00 to C$132.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s target price points to a potential upside of 14.81% from the stock’s previous close.

Several other research firms have also recently weighed in on ATZ. The Goldman Sachs Group raised Aritzia to a “strong-buy” rating in a research report on Thursday, December 11th. Jefferies Financial Group upped their target price on shares of Aritzia from C$87.00 to C$92.00 in a research note on Friday, October 10th. Truist Financial raised their price target on shares of Aritzia from C$102.00 to C$116.00 in a research report on Thursday, October 30th. Stifel Nicolaus boosted their price objective on shares of Aritzia from C$96.00 to C$100.00 in a report on Friday, October 10th. Finally, BMO Capital Markets increased their target price on shares of Aritzia from C$100.00 to C$104.00 in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$100.42.

Aritzia Stock Performance

ATZ stock traded up C$4.72 during mid-day trading on Thursday, reaching C$114.97. 658,766 shares of the stock traded hands, compared to its average volume of 582,197. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. Aritzia has a 52 week low of C$36.51 and a 52 week high of C$117.60. The business has a 50-day moving average of C$101.04 and a two-hundred day moving average of C$84.99. The firm has a market capitalization of C$13.25 billion, a PE ratio of 47.90, a P/E/G ratio of 1.19 and a beta of 1.97.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Thursday, October 9th. The company reported C$0.59 EPS for the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%.The business had revenue of C$812.05 million for the quarter. As a group, equities analysts predict that Aritzia will post 1.7771148 EPS 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.