Aritzia (TSE:ATZ) Price Target Raised to C$132.00

Aritzia (TSE:ATZ) had its target price boosted by CIBC from C$95.00 to C$132.00 in a research report sent to investors on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also issued reports about the stock. Jefferies Financial Group upped their price objective on shares of Aritzia from C$87.00 to C$92.00 in a research note on Friday, October 10th. Truist Financial boosted their target price on shares of Aritzia from C$102.00 to C$116.00 in a research report on Thursday, October 30th. Canaccord Genuity Group cut their target price on Aritzia from C$95.00 to C$93.00 in a report on Friday, October 10th. Wells Fargo & Company set a C$110.00 price target on Aritzia and gave the stock an “equal weight” rating in a research report on Friday, December 12th. Finally, Raymond James Financial increased their price objective on Aritzia from C$100.00 to C$110.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$105.58.

Aritzia Trading Up 2.1%

Shares of Aritzia stock opened at C$117.38 on Thursday. The business has a fifty day simple moving average of C$102.38 and a 200-day simple moving average of C$85.67. Aritzia has a fifty-two week low of C$36.51 and a fifty-two week high of C$117.79. The firm has a market cap of C$13.53 billion, a price-to-earnings ratio of 48.91, a price-to-earnings-growth ratio of 1.19 and a beta of 1.97. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Thursday, October 9th. The company reported C$0.59 earnings per share for the quarter. The company had revenue of C$812.05 million during the quarter. Aritzia had a net margin of 5.24% and a return on equity of 15.24%. On average, equities analysts forecast that Aritzia will post 1.7771148 EPS for the current fiscal year.

Aritzia Company Profile

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.