The Goldman Sachs Group Upgrades Aritzia (TSE:ATZ) to Strong-Buy

Aritzia (TSE:ATZ) was upgraded by analysts at The Goldman Sachs Group to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other analysts have also issued reports about the company. BMO Capital Markets increased their price objective on Aritzia from C$100.00 to C$104.00 in a report on Friday, October 10th. Truist Financial raised their price target on Aritzia from C$102.00 to C$116.00 in a research note on Thursday, October 30th. Stifel Nicolaus boosted their price target on Aritzia from C$96.00 to C$100.00 in a research note on Friday, October 10th. Desjardins raised their price objective on shares of Aritzia from C$91.00 to C$95.00 in a research report on Friday, October 10th. Finally, CIBC lifted their target price on shares of Aritzia from C$87.00 to C$94.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$97.25.

Aritzia Price Performance

TSE ATZ opened at C$113.82 on Thursday. The company has a 50 day simple moving average of C$99.19 and a 200-day simple moving average of C$83.91. Aritzia has a 52-week low of C$36.51 and a 52-week high of C$117.08. The firm has a market capitalization of C$13.12 billion, a price-to-earnings ratio of 47.43, a price-to-earnings-growth ratio of 1.19 and a beta of 1.97. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19.

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