Aritzia (TSE:ATZ) Price Target Raised to C$190.00

Aritzia (TSE:ATZ) had its target price increased by TD from C$175.00 to C$190.00 in a research note released on Wednesday morning,BayStreet reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on ATZ. Ventum Financial boosted their target price on shares of Aritzia from C$180.00 to C$186.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Royal Bank Of Canada raised their price target on Aritzia from C$195.00 to C$207.00 and gave the stock an “outperform” rating in a research note on Wednesday. Raymond James Financial set a C$175.00 price objective on Aritzia and gave the stock an “outperform” rating in a report on Monday, October 12th. Scotiabank lifted their price objective on Aritzia from C$175.00 to C$185.00 and gave the stock a “sector outperform” rating in a report on Wednesday. Finally, Desjardins set a C$180.00 price objective on Aritzia and gave the company a “buy” rating in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Aritzia has a consensus rating of “Moderate Buy” and an average price target of C$181.00.

Aritzia Stock Down 0.9%

ATZ opened at C$155.50 on Wednesday. The stock has a market capitalization of C$17.61 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 1.19 and a beta of 2.18. The firm has a 50 day moving average price of C$133.28 and a 200-day moving average price of C$134.31. Aritzia has a twelve month low of C$92.30 and a twelve month high of C$174.52. The company has a quick ratio of 0.19, a current ratio of 1.31 and a debt-to-equity ratio of 79.21.

Aritzia (TSE:ATZ) last issued its earnings results on Thursday, October 8th. The company reported C$1.31 earnings per share (EPS) for the quarter. Aritzia had a net margin of 13.62% and a return on equity of 42.25%. The company had revenue of C$1.17 billion for the quarter. Equities research analysts forecast that Aritzia will post 1.78 earnings per share 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.