Aritzia (TSE:ATZ) Stock Price Expected to Rise, National Bank Financial Analyst Says

Aritzia (TSE:ATZ) had its price objective raised by equities researchers at National Bank Financial from C$171.00 to C$175.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 13.75% from the stock’s current price.

Several other research firms also recently weighed in on ATZ. TD set a C$183.00 target price on Aritzia and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company raised their target price on shares of Aritzia from C$110.00 to C$140.00 in a research report on Wednesday, April 29th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Aritzia from C$155.00 to C$171.00 in a research note on Sunday, May 10th. Stifel Nicolaus increased their target price on shares of Aritzia from C$158.00 to C$180.00 in a research note on Friday, May 8th. Finally, Raymond James Financial increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Aritzia currently has a consensus rating of “Buy” and an average target price of C$176.50.

Aritzia Stock Down 2.8%

ATZ traded down C$4.38 during trading hours on Monday, hitting C$153.84. 443,383 shares of the company’s stock were exchanged, compared to its average volume of 664,876. Aritzia has a 12-month low of C$69.08 and a 12-month high of C$174.52. The firm has a 50 day moving average of C$150.37 and a 200 day moving average of C$129.41. The firm has a market cap of C$17.63 billion, a P/E ratio of 48.07, a price-to-earnings-growth ratio of 1.19 and a beta of 2.01. The company has a current ratio of 1.43, a quick ratio of 0.19 and a debt-to-equity ratio of 73.16.

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.