BMO Capital Markets Raises Aritzia (TSE:ATZ) Price Target to C$136.00

Aritzia (TSE:ATZ) had its price target lifted by BMO Capital Markets from C$133.00 to C$136.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 16.21% from the stock’s previous close.

A number of other research firms have also weighed in on ATZ. The Goldman Sachs Group upgraded shares of Aritzia to a “strong-buy” rating in a research note on Thursday, December 11th. Wells Fargo & Company set a C$110.00 price target on shares of Aritzia and gave the company an “equal weight” rating in a research report on Friday, December 12th. Canaccord Genuity Group lowered their price objective on Aritzia from C$95.00 to C$93.00 in a research report on Friday, October 10th. Stifel Nicolaus increased their target price on Aritzia from C$96.00 to C$100.00 in a research note on Friday, October 10th. Finally, Raymond James Financial boosted their price target on Aritzia from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$105.58.

Aritzia Stock Up 1.8%

Shares of TSE ATZ traded up C$2.07 on Friday, reaching C$117.03. 316,085 shares of the company’s stock traded hands, compared to its average volume of 581,589. Aritzia has a 12 month low of C$36.51 and a 12 month high of C$117.60. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The company has a market cap of C$13.49 billion, a price-to-earnings ratio of 48.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.97. The business’s 50 day simple moving average is C$101.75 and its two-hundred day simple moving average is C$85.20.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, October 9th. The company reported C$0.59 earnings per share (EPS) for the quarter. The business had revenue of C$812.05 million during the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%. As a group, equities 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.