Aritzia (TSE:ATZ) Given New C$146.00 Price Target at Ventum Capital

Aritzia (TSE:ATZ) had its price target cut by stock analysts at Ventum Capital from C$186.00 to C$146.00 in a report released on Wednesday, BayStreet reports. The firm currently has a “neutral” rating on the stock. Ventum Capital’s price objective suggests a potential upside of 19.10% from the company’s current price.

Other analysts also recently issued reports about the stock. Ventum Financial upped their price objective on shares of Aritzia from C$180.00 to C$186.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Royal Bank Of Canada lifted their target price on shares of Aritzia from C$193.00 to C$202.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Desjardins set a C$175.00 target price on shares of Aritzia and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Canaccord Genuity Group upped their price target on shares of Aritzia from C$182.00 to C$193.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, BMO Capital Markets raised their price target on Aritzia from C$188.00 to C$196.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$180.81.

Aritzia Stock Performance

Shares of TSE ATZ opened at C$122.59 on Wednesday. The business’s 50-day simple moving average is C$131.36 and its 200-day simple moving average is C$137.57. The company has a debt-to-equity ratio of 76.35, a quick ratio of 0.19 and a current ratio of 1.39. Aritzia has a 52 week low of C$79.40 and a 52 week high of C$174.52. The firm has a market cap of C$14.05 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 1.19 and a beta of 2.04.

Aritzia (TSE:ATZ) last announced its earnings results on Thursday, July 9th. The company reported C$0.96 earnings per share (EPS) for the quarter. Aritzia had a return on equity of 34.33% and a net margin of 11.45%.The firm had revenue of C$951.01 million during the quarter. As a group, equities research analysts expect that Aritzia will post 1.7771148 earnings per share 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.