Aritzia Inc. (TSE:ATZ) Receives C$183.13 Average Target Price from Analysts

Aritzia Inc. (TSE:ATZ) has received an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$183.13.

A number of brokerages recently commented on ATZ. Raymond James Financial lifted their price target on Aritzia from C$155.00 to C$200.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Canadian Imperial Bank of Commerce raised their target price on Aritzia from C$155.00 to C$171.00 in a research report on Sunday, May 10th. Jefferies Financial Group lifted their target price on Aritzia from C$165.00 to C$175.00 in a research note on Friday, July 10th. National Bank Financial increased their price target on shares of Aritzia from C$171.00 to C$175.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, Desjardins set a C$175.00 price objective on shares of Aritzia and gave the stock a “buy” rating in a report on Wednesday, July 8th.

Aritzia Trading Up 1.2%

Shares of ATZ stock opened at C$134.50 on Tuesday. The company has a debt-to-equity ratio of 76.35, a quick ratio of 0.19 and a current ratio of 1.39. The company has a market capitalization of C$15.41 billion, a price-to-earnings ratio of 35.12, a PEG ratio of 1.19 and a beta of 2.03. Aritzia has a 52-week low of C$70.70 and a 52-week high of C$174.52. The company has a 50-day simple moving average of C$152.77 and a two-hundred day simple moving average of C$133.79.

Aritzia (TSE:ATZ) last posted its earnings results on Thursday, July 9th. The company reported C$0.96 EPS for the quarter. The firm had revenue of C$951.01 million for the quarter. Aritzia had a net margin of 11.45% and a return on equity of 34.33%. Research analysts anticipate 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.