Stifel Nicolaus Increases Aritzia (TSE:ATZ) Price Target to C$132.00

Aritzia (TSE:ATZ) had its price target hoisted by investment analysts at Stifel Nicolaus from C$100.00 to C$132.00 in a research note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ price target points to a potential upside of 10.68% from the stock’s previous close.

Several other analysts have also commented on ATZ. Truist Financial boosted their price target on Aritzia from C$102.00 to C$116.00 in a research note on Thursday, October 30th. Jefferies Financial Group raised their price objective on shares of Aritzia from C$87.00 to C$92.00 in a report on Friday, October 10th. BMO Capital Markets boosted their target price on Aritzia from C$133.00 to C$136.00 and gave the stock an “outperform” rating in a report on Friday, December 19th. TD Securities raised their price target on Aritzia from C$110.00 to C$133.00 in a report on Monday, December 22nd. Finally, Raymond James Financial boosted their price objective on Aritzia from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$111.58.

Aritzia Stock Performance

ATZ traded up C$2.08 on Monday, hitting C$119.26. The company had a trading volume of 494,598 shares, compared to its average volume of 440,470. Aritzia has a 1-year low of C$36.51 and a 1-year high of C$121.99. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The stock has a market cap of C$13.75 billion, a price-to-earnings ratio of 49.69, a price-to-earnings-growth ratio of 1.19 and a beta of 2.01. The company’s fifty day moving average price is C$107.69 and its 200 day moving average price is C$89.27.

Aritzia (TSE:ATZ) last issued its earnings results on Thursday, October 9th. The company reported C$0.59 EPS for the quarter. The business had revenue of C$812.05 million during the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%. Equities analysts predict 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.