Desjardins Reiterates “C$180.00” Price Target for Aritzia (TSE:ATZ)

Aritzia (TSE:ATZ) received a C$180.00 target price from Desjardins in a report issued on Tuesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 48.11% from the stock’s current price.

ATZ has been the topic of several other research reports. Raymond James Financial dropped their target price on Aritzia from C$200.00 to C$175.00 and set an “outperform” rating on the stock in a report on Tuesday. Canaccord Genuity Group lowered their price target on Aritzia from C$193.00 to C$189.00 and set a “buy” rating on the stock in a research report on Thursday, October 1st. BMO Capital Markets upped their price objective on Aritzia from C$188.00 to C$196.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Royal Bank Of Canada raised their target price on shares of Aritzia from C$193.00 to C$202.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Finally, National Bank Financial boosted their target price on shares of Aritzia from C$171.00 to C$175.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$179.31.

Aritzia Stock Down 2.6%

Shares of TSE:ATZ traded down C$3.21 during trading on Tuesday, hitting C$121.53. 472,858 shares of the company’s stock traded hands, compared to its average volume of 688,170. The company has a current ratio of 1.39, a quick ratio of 0.19 and a debt-to-equity ratio of 76.35. The company has a 50-day moving average price of C$130.20 and a 200-day moving average price of C$137.85. Aritzia has a 52 week low of C$79.40 and a 52 week high of C$174.52. The company has a market cap of C$13.92 billion, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 1.19 and a beta of 2.18.

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