Aritzia (TSE:ATZ) Price Target Raised to C$150.00

Aritzia (TSE:ATZ) had its price objective upped by Stifel Nicolaus from C$132.00 to C$150.00 in a report published on Sunday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada raised their price objective on shares of Aritzia from C$116.00 to C$150.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. TD Securities lifted their price target on Aritzia from C$133.00 to C$155.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Wells Fargo & Company boosted their price objective on Aritzia from C$110.00 to C$120.00 in a report on Friday, January 9th. Desjardins upped their price objective on Aritzia from C$125.00 to C$133.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, Truist Financial lifted their target price on Aritzia from C$116.00 to C$157.00 in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Aritzia currently has an average rating of “Buy” and a consensus target price of C$137.42.

Aritzia Price Performance

ATZ stock opened at C$135.31 on Friday. 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$139.59. The stock’s 50 day moving average is C$111.91 and its two-hundred day moving average is C$92.21. The company has a market capitalization of C$15.62 billion, a PE ratio of 46.18, a P/E/G ratio of 1.19 and a beta of 2.01.

Aritzia (TSE:ATZ) last released its earnings results on Thursday, January 8th. The company reported C$1.10 EPS for the quarter. The company had revenue of C$1.04 billion during the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%. Analysts predict that Aritzia will post 1.7771148 earnings per share for the current fiscal 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.