Scotiabank Reiterates C$175.00 Price Target for Aritzia (TSE:ATZ)

Scotiabank set a C$175.00 target price on Aritzia (TSE:ATZ) in a research note released on Friday morning,BayStreet reports. The brokerage currently has a sector outperform rating on the stock.

Several other research analysts have also recently weighed in on the stock. Canaccord Genuity Group lifted their price target on shares of Aritzia from C$189.00 to C$194.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Stifel Nicolaus boosted their price objective on shares of Aritzia from C$180.00 to C$190.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Desjardins set a C$180.00 price objective on Aritzia and gave the stock a “buy” rating in a research note on Tuesday, October 6th. BMO Capital Markets reduced their price objective on Aritzia from C$196.00 to C$191.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. Finally, TD decreased their target price on Aritzia from C$200.00 to C$175.00 and set a “buy” rating on the stock in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$177.53.

Aritzia Price Performance

Shares of TSE:ATZ opened at C$149.08 on Friday. The firm’s 50 day moving average price is C$130.00 and its 200-day moving average price is C$139.68. Aritzia has a twelve month low of C$88.28 and a twelve month high of C$174.52. The company has a quick ratio of 0.19, a current ratio of 1.31 and a debt-to-equity ratio of 79.21. The stock has a market capitalization of C$16.88 billion, a PE ratio of 30.06, a price-to-earnings-growth ratio of 1.19 and a beta of 2.18.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Thursday, October 8th. The company reported C$1.31 earnings per share (EPS) for the quarter. The company had revenue of C$1.17 billion for the quarter. Aritzia had a net margin of 13.62% and a return on equity of 42.25%. Equities research analysts expect that Aritzia will post 1.78 EPS for the current 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.