Canaccord Genuity Group Cuts Aritzia (TSE:ATZ) Price Target to C$189.00

Aritzia (TSE:ATZ) had its price objective cut by Canaccord Genuity Group from C$193.00 to C$189.00 in a research note issued to investors on Thursday morning,BayStreet reports. They currently have a buy rating on the stock.

Several other research firms have also commented on ATZ. TD upped their price target on shares of Aritzia from C$183.00 to C$200.00 and gave the company a “buy” rating in a research report on Friday, July 10th. UBS Group raised their price objective on shares of Aritzia from C$189.00 to C$204.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Stifel Nicolaus upped their target price on shares of Aritzia from C$180.00 to C$190.00 and gave the company a “buy” rating in a report on Friday, July 10th. BMO Capital Markets increased their price target on shares of Aritzia from C$188.00 to C$196.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Finally, Ventum Financial lifted their price target on shares of Aritzia from C$180.00 to C$186.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Aritzia currently has an average rating of “Moderate Buy” and an average price target of C$180.56.

Aritzia Stock Performance

ATZ stock opened at C$122.66 on Thursday. The company has a market cap of C$14.05 billion, a P/E ratio of 32.03, a price-to-earnings-growth ratio of 1.19 and a beta of 2.04. Aritzia has a 1 year low of C$79.40 and a 1 year high of C$174.52. The company has a debt-to-equity ratio of 76.35, a current ratio of 1.39 and a quick ratio of 0.19. The stock’s fifty day moving average price is C$130.46 and its 200-day moving average price is C$137.60.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Thursday, July 9th. The company reported C$0.96 EPS for the quarter. Aritzia had a return on equity of 34.33% and a net margin of 11.45%.The company had revenue of C$951.01 million during the quarter. On average, equities analysts forecast that Aritzia will post 1.7771148 earnings per share for the current 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.