Aritzia Inc. (TSE:ATZ) Stock Has Average Price Target of C$180.24 According to Analysts

Shares of Aritzia Inc. (TSE:ATZ) have earned an average rating of “Moderate Buy” from the seventeen research firms that are currently covering the firm, Marketbeat reports. Four research 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 price target among analysts that have issued a report on the stock in the last year is C$181.00.

A number of brokerages recently issued reports on ATZ. Scotiabank upped their price objective on shares of Aritzia from C$175.00 to C$185.00 and gave the stock a “sector outperform” rating in a report on Wednesday, October 28th. TD upped their price target on Aritzia from C$175.00 to C$190.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Raymond James Financial set a C$175.00 target price on Aritzia and gave the stock an “outperform” rating in a report on Monday, October 12th. Canaccord Genuity Group upped their target price on Aritzia from C$194.00 to C$197.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Finally, National Bank Financial increased their price target on Aritzia from C$182.00 to C$188.00 and gave the company an “outperform” rating in a report on Thursday, October 29th.

Aritzia Stock Down 3.0%

ATZ opened at C$150.86 on Thursday. The company has a market capitalization of C$17.08 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 1.19 and a beta of 2.18. The business has a 50-day moving average of C$133.68 and a 200-day moving average of C$134.38. Aritzia has a fifty-two week low of C$92.30 and a fifty-two week high of C$174.52. The company has a debt-to-equity ratio of 79.21, a current ratio of 1.31 and a quick ratio of 0.19.

Aritzia (TSE:ATZ) last issued its quarterly earnings data on Thursday, October 8th. The company reported C$1.31 earnings per share for the quarter. The firm 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 forecast that Aritzia will post 1.78 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.