Aritzia (TSE:ATZ) Given a C$175.00 Price Target by Scotiabank Analysts

Aritzia (TSE:ATZ) received a C$175.00 price objective from analysts at Scotiabank in a research report issued to clients and investors on Friday, BayStreet reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 18.07% from the stock’s current price.

ATZ has been the topic of a number of other reports. BMO Capital Markets lowered their target price on shares of Aritzia from C$196.00 to C$191.00 and set an “outperform” rating on the stock in a report on Thursday, October 8th. Canaccord Genuity Group boosted their price objective on shares of Aritzia from C$189.00 to C$194.00 and gave the company a “buy” rating in a report on Friday, October 9th. Ventum Financial boosted their price objective on shares of Aritzia from C$180.00 to C$186.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Royal Bank Of Canada boosted their price target on Aritzia from C$193.00 to C$202.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Finally, Desjardins set a C$180.00 target price on shares of Aritzia and gave the company a “buy” rating in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$177.53.

Aritzia Trading Down 1.4%

Shares of ATZ traded down C$2.13 during trading hours on Friday, reaching C$148.22. The stock had a trading volume of 306,353 shares, compared to its average volume of 701,834. The company has a market cap of C$16.78 billion, a P/E ratio of 29.88, a P/E/G ratio of 1.19 and a beta of 2.18. The company has a quick ratio of 0.19, a current ratio of 1.31 and a debt-to-equity ratio of 79.21. The firm has a 50-day moving average of C$129.91 and a 200 day moving average of C$139.39. Aritzia has a 52 week low of C$88.28 and a 52 week high of C$174.52.

Aritzia (TSE:ATZ) last released its quarterly earnings data on Thursday, October 8th. The company reported C$1.31 earnings per share for the quarter. The business had revenue of C$1.17 billion for the quarter. Aritzia had a return on equity of 42.25% and a net margin of 13.62%. On average, sell-side analysts expect that Aritzia will post 1.78 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.