CIBC Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its target price raised by equities researchers at CIBC from C$95.00 to C$132.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s target price would suggest a potential upside of 14.81% from the stock’s previous close.

A number of other brokerages have also commented on ATZ. Raymond James Financial lifted their price objective on Aritzia from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. BMO Capital Markets lifted their price target on shares of Aritzia from C$100.00 to C$104.00 in a research report on Friday, October 10th. Truist Financial increased their price objective on shares of Aritzia from C$102.00 to C$116.00 in a report on Thursday, October 30th. 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. Finally, The Goldman Sachs Group upgraded shares of Aritzia to a “strong-buy” rating in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$100.42.

Aritzia Trading Up 4.3%

ATZ stock traded up C$4.72 during trading on Thursday, hitting C$114.97. The company had a trading volume of 658,766 shares, compared to its average volume of 582,197. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The firm has a 50-day moving average price of C$101.04 and a 200-day moving average price of C$84.99. Aritzia has a 12 month low of C$36.51 and a 12 month high of C$117.60. The stock has a market cap of C$13.25 billion, a price-to-earnings ratio of 47.90, a PEG ratio of 1.19 and a beta of 1.97.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, October 9th. The company reported C$0.59 EPS for the quarter. The firm had revenue of C$812.05 million for the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%. As a group, analysts predict that Aritzia will post 1.7771148 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.