Aritzia (TSE:ATZ) Price Target Raised to C$171.00

Aritzia (TSE:ATZ) had its target price boosted by equities research analysts at National Bank Financial from C$143.00 to C$171.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 16.77% from the company’s previous close.

ATZ has been the topic of several other reports. Stifel Nicolaus raised their target price on Aritzia from C$158.00 to C$180.00 in a research note on Friday. Canaccord Genuity Group raised their target price on Aritzia from C$166.00 to C$182.00 and gave the stock a “buy” rating in a research note on Friday. Truist Financial raised their target price on Aritzia from C$164.00 to C$185.00 in a research note on Friday. TD raised their target price on Aritzia from C$155.00 to C$183.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company raised their target price on Aritzia from C$110.00 to C$140.00 in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$174.08.

Aritzia Trading Down 1.3%

Shares of TSE ATZ traded down C$1.91 during trading hours on Monday, hitting C$146.44. The company’s stock had a trading volume of 362,493 shares, compared to its average volume of 696,440. The company has a debt-to-equity ratio of 73.16, a quick ratio of 0.19 and a current ratio of 1.43. The stock has a market cap of C$16.95 billion, a price-to-earnings ratio of 49.98, a P/E/G ratio of 1.19 and a beta of 2.11. Aritzia has a 12 month low of C$60.57 and a 12 month high of C$156.00. The business has a 50-day simple moving average of C$123.48 and a 200-day simple moving average of C$116.01.

Aritzia News Roundup

Here are the key news stories impacting Aritzia this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Aritzia to C$193 and reiterated an outperform rating, signaling confidence in the company’s growth outlook and U.S. expansion plans. Article Title
• Positive Sentiment: Canadian Imperial Bank of Commerce lifted its price target to C$171, adding to the bullish analyst sentiment around Aritzia’s earnings and growth trajectory. Article Title
• Positive Sentiment: Several other firms also turned more constructive, with TD, Truist, Canaccord Genuity, Desjardins, Stifel, and BMO either raising targets or saying the stock should rise, reinforcing the view that investors are re-rating the name higher. Article Title
• Neutral Sentiment: A Seeking Alpha article focused on Aritzia “threading the needle” between hypergrowth and U.S. expansion, suggesting the market is watching execution risk alongside the growth opportunity. Article Title

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.