Aritzia (TSE:ATZ) Price Target Raised to C$120.00

Aritzia (TSE:ATZ) had its price objective hoisted by investment analysts at Wells Fargo & Company from C$110.00 to C$120.00 in a research note issued to investors on Friday,BayStreet.CA reports. Wells Fargo & Company‘s price objective would indicate a potential downside of 6.93% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Desjardins upped their price objective on Aritzia from C$125.00 to C$133.00 and gave the company a “buy” rating in a research note on Tuesday. Canaccord Genuity Group cut their price target on Aritzia from C$95.00 to C$93.00 in a report on Friday, October 10th. Jefferies Financial Group increased their target price on shares of Aritzia from C$114.00 to C$140.00 in a research note on Tuesday. TD Securities boosted their price objective on Aritzia from C$110.00 to C$133.00 in a report on Monday, December 22nd. Finally, The Goldman Sachs Group upgraded Aritzia to a “strong-buy” rating in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Aritzia has an average rating of “Buy” and an average price target of C$135.92.

Aritzia Stock Up 2.9%

ATZ traded up C$3.69 during midday trading on Friday, hitting C$128.94. The company had a trading volume of 1,395,314 shares, compared to its average volume of 815,033. 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 stock’s 50 day moving average price is C$109.71 and its 200 day moving average price is C$90.50. The company has a market capitalization of C$14.86 billion, a price-to-earnings ratio of 53.73, a PEG ratio of 1.19 and a beta of 2.01. Aritzia has a 52 week low of C$36.51 and a 52 week high of C$135.00.

Aritzia (TSE:ATZ) last posted its quarterly earnings results on Thursday, January 8th. The company reported C$1.10 earnings per share (EPS) for the quarter. The business had revenue of C$1.04 billion during the quarter. Aritzia had a net margin of 5.24% and a return on equity of 15.24%. On average, research analysts anticipate 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.