Desjardins Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ) had its price objective boosted by stock analysts at Desjardins from C$95.00 to C$125.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 6.81% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group upgraded Aritzia to a “strong-buy” rating in a research note on Thursday, December 11th. Jefferies Financial Group increased their target price on shares of Aritzia from C$87.00 to C$92.00 in a report on Friday, October 10th. Truist Financial lifted their price target on shares of Aritzia from C$102.00 to C$116.00 in a report on Thursday, October 30th. Canaccord Genuity Group dropped their price objective on shares of Aritzia from C$95.00 to C$93.00 in a research note on Friday, October 10th. Finally, Stifel Nicolaus raised their target price on shares of Aritzia from C$96.00 to C$100.00 in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$105.58.

Aritzia Stock Up 1.8%

TSE:ATZ traded up C$2.07 during mid-day trading on Friday, reaching C$117.03. The stock had a trading volume of 316,085 shares, compared to its average volume of 581,589. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The company has a market capitalization of C$13.49 billion, a price-to-earnings ratio of 48.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.97. Aritzia has a 1-year low of C$36.51 and a 1-year high of C$117.60. The stock’s 50 day simple moving average is C$101.75 and its two-hundred day simple moving average is C$85.20.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, October 9th. The company reported C$0.59 earnings per share (EPS) for the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%.The firm had revenue of C$812.05 million for the quarter. Equities analysts anticipate that Aritzia will post 1.7771148 EPS 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. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.