Aritzia Inc. (TSE:ATZ) Stock Has Average Price Target of C$180.24 According to Brokerages

Shares of Aritzia Inc. (TSE:ATZ) have been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$181.00.

A number of research analysts recently commented on ATZ shares. Royal Bank Of Canada upped their target price on Aritzia from C$195.00 to C$207.00 and gave the company an “outperform” rating in a research note on Wednesday. Scotiabank boosted their price target on shares of Aritzia from C$175.00 to C$185.00 and gave the company a “sector outperform” rating in a report on Wednesday. Jefferies Financial Group cut shares of Aritzia from a “buy” rating to a “hold” rating and set a C$160.00 price objective for the company. in a research note on Tuesday, October 13th. BMO Capital Markets reduced their price objective on shares of Aritzia from C$196.00 to C$191.00 and set an “outperform” rating for the company in a report on Thursday, October 8th. Finally, Raymond James Financial set a C$175.00 target price on shares of Aritzia and gave the company an “outperform” rating in a research report on Monday, October 12th.

Aritzia Stock Down 0.9%

Shares of ATZ opened at C$155.50 on Thursday. The company has a debt-to-equity ratio of 79.21, a quick ratio of 0.19 and a current ratio of 1.31. The company has a 50-day simple moving average of C$133.28 and a 200-day simple moving average of C$134.31. Aritzia has a 52 week low of C$92.30 and a 52 week high of C$174.52. The firm has a market capitalization of C$17.61 billion, a P/E ratio of 31.35, a P/E/G ratio of 1.19 and a beta of 2.18.

Aritzia (TSE:ATZ) last released its earnings results on Thursday, October 8th. The company reported C$1.31 earnings per share for the quarter. Aritzia had a return on equity of 42.25% and a net margin of 13.62%. The business had revenue of C$1.17 billion for the quarter. On average, equities research analysts expect 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.