Aritzia (TSE:ATZ) Given New C$200.00 Price Target at TD

Aritzia (TSE:ATZ) had its price target boosted by research analysts at TD from C$183.00 to C$200.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price target would suggest a potential upside of 25.17% from the stock’s previous close.

ATZ has been the subject of several other reports. Wells Fargo & Company upped their price target on shares of Aritzia from C$110.00 to C$140.00 in a research report on Wednesday, April 29th. Royal Bank Of Canada boosted their target price on Aritzia from C$193.00 to C$202.00 and gave the company an “outperform” rating in a research note on Friday. Desjardins set a C$175.00 target price on Aritzia and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets raised their price target on Aritzia from C$188.00 to C$196.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Raymond James Financial raised their target price on shares of Aritzia from C$155.00 to C$200.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$183.13.

Aritzia Price Performance

Shares of ATZ traded up C$10.80 during midday trading on Friday, reaching C$159.78. The stock had a trading volume of 1,225,130 shares, compared to its average volume of 689,285. The company has a current ratio of 1.43, a quick ratio of 0.19 and a debt-to-equity ratio of 73.16. The company has a market capitalization of C$18.31 billion, a price-to-earnings ratio of 49.93, a price-to-earnings-growth ratio of 1.19 and a beta of 2.03. The company’s 50-day moving average is C$152.66 and its 200 day moving average is C$131.78. Aritzia has a 12-month low of C$70.70 and a 12-month high of C$174.52.

Aritzia (TSE:ATZ) last released its earnings results on Thursday, July 9th. The company reported C$0.96 earnings per share for the quarter. The company had revenue of C$951.01 million during the quarter. Aritzia had a return on equity of 30.33% and a net margin of 10.31%. On average, equities analysts predict that Aritzia will post 1.7771148 EPS for the current fiscal year.

About Aritzia

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.