Aritzia (TSE:ATZ) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Aritzia (TSE:ATZ) in a research report sent to investors on Monday,Zacks reports. The brokerage issued a strong-buy rating on the stock.

Several other analysts have also commented on the company. BMO Capital Markets dropped their target price on Aritzia from C$196.00 to C$191.00 and set an “outperform” rating on the stock in a report on Thursday, October 8th. Jefferies Financial Group cut Aritzia from a “buy” rating to a “hold” rating and set a C$160.00 price target for the company. in a research report on Tuesday, October 13th. Scotiabank boosted their price target on Aritzia from C$175.00 to C$185.00 and gave the company a “sector outperform” rating in a report on Wednesday, October 28th. Canaccord Genuity Group boosted their price target on Aritzia from C$194.00 to C$197.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Finally, TD upped their price objective on Aritzia from C$175.00 to C$190.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$181.00.

Aritzia Trading Down 3.1%

TSE ATZ opened at C$157.02 on Monday. Aritzia has a 1 year low of C$94.36 and a 1 year high of C$174.52. The company has a debt-to-equity ratio of 79.21, a current ratio of 1.31 and a quick ratio of 0.19. The company has a market capitalization of C$17.78 billion, a PE ratio of 31.66, a P/E/G ratio of 1.19 and a beta of 2.19. The company has a fifty day moving average of C$136.64 and a 200 day moving average of C$135.37.

Aritzia (TSE:ATZ) last announced its quarterly earnings results on Thursday, October 8th. The company reported C$1.31 earnings per share for the quarter. The company 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%. Research analysts forecast that Aritzia will post 1.78 earnings per share for the current year.

Aritzia Company Profile

Aritzia is a design house with an innovative global platform. We are creators and purveyors of covetable styles for every function and individual aesthetic. We’re about good design, quality materials and making pieces you’ll wear again and again – all with the wellbeing of our People and Planet in mind. Founded in 1984 in Vancouver, Canada, we pride ourselves on creating immersive, highly personalized shopping experiences at aritzia.com, on our app and in our 145+ boutiques throughout North America – for everyone, everywhere.