Aritzia (TSE:ATZ) Price Target Raised to C$173.00

Aritzia (TSE:ATZ) had its price objective increased by Ventum Capital from C$160.00 to C$173.00 in a report issued on Wednesday, BayStreet reports. The brokerage presently has a “neutral” rating on the stock. Ventum Capital‘s price objective suggests a potential upside of 12.84% from the company’s current price.

ATZ has been the subject of several other research reports. BMO Capital Markets dropped their price objective on Aritzia from C$196.00 to C$191.00 and set an “outperform” rating for the company in a report on Thursday, October 8th. Ventum Financial lifted their price objective on Aritzia from C$180.00 to C$186.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Jefferies Financial Group cut Aritzia from a “buy” rating to a “hold” rating and set a C$160.00 target price on the stock. in a research note on Tuesday, October 13th. TD decreased their target price on Aritzia from C$200.00 to C$175.00 and set a “buy” rating for the company in a report on Friday, October 9th. Finally, Royal Bank Of Canada raised their price target on Aritzia from C$193.00 to C$202.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Aritzia presently has an average rating of “Moderate Buy” and an average target price of C$180.24.

Aritzia Trading Down 1.3%

Shares of TSE:ATZ traded down C$2.06 during midday trading on Wednesday, hitting C$153.32. 437,850 shares of the stock traded hands, compared to its average volume of 706,915. 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 business’s 50 day moving average is C$132.08 and its two-hundred day moving average is C$133.95. The stock has a market capitalization of C$17.36 billion, a PE ratio of 30.91, a P/E/G ratio of 1.19 and a beta of 2.18. Aritzia has a one year low of C$92.30 and a one year high of C$174.52.

Aritzia (TSE:ATZ) last posted its earnings results on Thursday, October 8th. The company reported C$1.31 earnings per share (EPS) for the quarter. Aritzia had a return on equity of 42.25% and a net margin of 13.62%. The company had revenue of C$1.17 billion for the quarter. As a group, research analysts forecast that Aritzia will post 1.78 earnings per share for the current 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.