Aritzia (TSE:ATZ) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Aritzia (TSE:ATZ) had its price target hoisted by analysts at Canaccord Genuity Group from C$135.00 to C$164.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 27.19% from the stock’s previous close.

ATZ has been the topic of several other research reports. Jefferies Financial Group lifted their price objective on Aritzia from C$114.00 to C$140.00 in a report on Tuesday. Desjardins boosted their price target on shares of Aritzia from C$125.00 to C$133.00 and gave the company a “buy” rating in a report on Tuesday. CIBC lifted their target price on shares of Aritzia from C$132.00 to C$148.00 in a research report on Friday. TD Securities lifted their price objective on Aritzia from C$110.00 to C$133.00 in a report on Monday, December 22nd. Finally, The Goldman Sachs Group upgraded 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 issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Aritzia presently has a consensus rating of “Buy” and an average price target of C$135.92.

Aritzia Stock Performance

TSE ATZ traded up C$3.69 during midday trading on Friday, hitting C$128.94. The company had a trading volume of 1,395,314 shares, compared to its average volume of 815,033. The firm has a fifty day simple moving average of C$109.71 and a two-hundred day simple moving average of C$90.50. Aritzia has a fifty-two week low of C$36.51 and a fifty-two week high of C$135.00. 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 stock has a market cap of C$14.86 billion, a price-to-earnings ratio of 53.73, 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 earnings per share for the quarter. Aritzia had a net margin of 5.24% and a return on equity of 15.24%. The business had revenue of C$1.04 billion during the quarter. Equities analysts forecast 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. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.