Aritzia (TSE:ATZ) Price Target Raised to C$196.00 at BMO Capital Markets

Aritzia (TSE:ATZ) had its price objective boosted by research analysts at BMO Capital Markets from C$188.00 to C$196.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 22.67% from the company’s current price.

Several other analysts also recently issued reports on ATZ. Desjardins set a C$175.00 target price on shares of Aritzia and gave the company a “buy” rating in a research note on Wednesday. Raymond James Financial raised their target price on Aritzia from C$155.00 to C$200.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. TD set a C$183.00 price target on Aritzia and gave the company a “buy” rating in a report on Friday, June 26th. Truist Financial upped their price target on Aritzia from C$164.00 to C$185.00 in a research report on Friday, May 8th. Finally, Stifel Nicolaus upped their price objective on shares of Aritzia from C$158.00 to C$180.00 in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Aritzia has a consensus rating of “Moderate Buy” and an average target price of C$183.13.

Aritzia Trading Up 7.2%

Shares of Aritzia stock traded up C$10.80 on Friday, reaching C$159.78. 1,225,130 shares of the company were exchanged, compared to its average volume of 689,285. Aritzia has a fifty-two week low of C$70.70 and a fifty-two week high of C$174.52. The firm 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 has a current ratio of 1.43, a quick ratio of 0.19 and a debt-to-equity ratio of 73.16. The stock has a fifty day moving average price of C$152.66 and a 200-day moving average price of C$131.78.

Aritzia (TSE:ATZ) last released its quarterly earnings results on Thursday, July 9th. The company reported C$0.96 earnings per share for the quarter. The business 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, analysts expect that Aritzia will post 1.7771148 EPS 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.