Aritzia Inc. (TSE:ATZ) Given Average Rating of “Buy” by Analysts

Aritzia Inc. (TSE:ATZ) has earned an average recommendation of “Buy” from the eleven research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$139.67.

Several equities analysts have recently weighed in on ATZ shares. Jefferies Financial Group raised their price objective on shares of Aritzia from C$114.00 to C$140.00 in a research report on Tuesday, January 6th. TD Securities increased their target price on shares of Aritzia from C$133.00 to C$155.00 and gave the company a “buy” rating in a research note on Friday, January 9th. The Goldman Sachs Group upgraded shares of Aritzia to a “strong-buy” rating in a report on Thursday, December 11th. Truist Financial lifted their price target on shares of Aritzia from C$116.00 to C$157.00 in a research report on Friday, January 9th. Finally, Royal Bank Of Canada upped their price target on Aritzia from C$116.00 to C$150.00 and gave the company an “outperform” rating in a report on Friday, January 9th.

Aritzia Trading Up 0.9%

Shares of Aritzia stock opened at C$112.14 on Wednesday. The business has a fifty day simple moving average of C$117.26 and a 200-day simple moving average of C$106.82. Aritzia has a fifty-two week low of C$36.51 and a fifty-two week high of C$139.59. The firm has a market cap of C$12.98 billion, a price-to-earnings ratio of 38.27, a price-to-earnings-growth ratio of 1.19 and a beta of 2.06. The company has a quick ratio of 0.19, a current ratio of 1.44 and a debt-to-equity ratio of 77.42.

Aritzia (TSE:ATZ) last released its earnings results on Thursday, January 8th. The company reported C$1.10 earnings per share (EPS) for the quarter. Aritzia had a return on equity of 29.12% and a net margin of 10.18%.The firm had revenue of C$1.04 billion for the quarter. On average, equities analysts forecast 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.