Aritzia (TSE:ATZ) Stock Price Target Raised at Canaccord Genuity Group

Aritzia (TSE:ATZ) had its price objective upped by research analysts at Canaccord Genuity Group from C$194.00 to C$197.00 in a report released on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group‘s target price suggests a potential upside of 28.49% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Raymond James Financial set a C$175.00 target price on Aritzia and gave the company an “outperform” rating in a report on Monday, October 12th. Ventum Capital lifted their price target on Aritzia from C$160.00 to C$173.00 and gave the stock a “neutral” rating in a research note on Wednesday. Royal Bank Of Canada boosted their price target on Aritzia from C$195.00 to C$207.00 and gave the stock an “outperform” rating in a research report on Wednesday. Jefferies Financial Group downgraded Aritzia from a “buy” rating to a “hold” rating and set a C$160.00 price objective for the company. in a research note on Tuesday, October 13th. Finally, TD decreased their price objective on Aritzia from C$200.00 to C$175.00 and set a “buy” rating on the stock in a report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$180.24.

Aritzia Price Performance

Shares of ATZ traded down C$2.06 during mid-day trading on Wednesday, hitting C$153.32. 437,850 shares of the company were exchanged, compared to its average volume of 706,915. Aritzia has a 1-year low of C$92.30 and a 1-year high of C$174.52. The company has a debt-to-equity ratio of 79.21, a quick ratio of 0.19 and a current ratio of 1.31. The company has a 50 day moving average of C$132.08 and a 200-day moving average of C$133.95. The stock has a market cap of C$17.36 billion, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 1.19 and a beta of 2.18.

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