Aritzia (TSE:ATZ) Price Target Raised to C$133.00

Aritzia (TSE:ATZ) had its price target upped by stock analysts at Desjardins from C$125.00 to C$133.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 10.49% from the company’s previous close.

ATZ has been the subject of a number of other research reports. Raymond James Financial increased their price objective on Aritzia from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Stifel Nicolaus upped their price target on shares of Aritzia from C$100.00 to C$132.00 in a report on Monday. The Goldman Sachs Group raised shares of Aritzia to a “strong-buy” rating in a research report on Thursday, December 11th. BMO Capital Markets boosted their price objective on shares of Aritzia from C$133.00 to C$136.00 and gave the company an “outperform” rating in a research report on Friday, December 19th. Finally, Wells Fargo & Company set a C$110.00 price objective on shares of Aritzia and gave the company an “equal weight” rating in a research note on Friday, December 12th. One research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$116.25.

Aritzia Trading Up 2.7%

Shares of ATZ traded up C$3.16 during trading hours on Tuesday, hitting C$120.37. The company had a trading volume of 452,183 shares, compared to its average volume of 528,161. The firm has a market cap of C$13.88 billion, a P/E ratio of 50.15, a P/E/G ratio of 1.19 and a beta of 2.01. The stock’s 50 day moving average price is C$108.11 and its 200 day moving average price is C$89.63. 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$121.99.

Aritzia (TSE:ATZ) last issued its earnings results on Thursday, October 9th. The company reported C$0.59 earnings per share for the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%.The company had revenue of C$812.05 million during the quarter. On average, research analysts predict that Aritzia will post 1.7771148 EPS for the current 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.