Royal Bank Of Canada Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its price target hoisted by Royal Bank Of Canada from C$193.00 to C$202.00 in a research report released on Friday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other research analysts also recently issued reports on the company. Canaccord Genuity Group upped their price objective on Aritzia from C$182.00 to C$193.00 and gave the stock a “buy” rating in a report on Friday. Raymond James Financial raised their target price on shares of Aritzia from C$155.00 to C$200.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Truist Financial lifted their price target on shares of Aritzia from C$164.00 to C$185.00 in a research report on Friday, May 8th. TD set a C$183.00 price target on shares of Aritzia and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, Stifel Nicolaus increased their price objective on shares of Aritzia from C$158.00 to C$180.00 in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$183.13.

Aritzia Price Performance

Aritzia stock traded up C$11.07 during mid-day trading on Friday, hitting C$160.05. 1,920,828 shares of the company were exchanged, compared to its average volume of 694,866. The business has a fifty day moving average of C$153.06 and a 200 day moving average of C$131.98. The company has a quick ratio of 0.19, a current ratio of 1.43 and a debt-to-equity ratio of 73.16. Aritzia has a 1-year low of C$70.70 and a 1-year high of C$174.52. The company has a market capitalization of C$18.34 billion, a PE ratio of 50.02, a price-to-earnings-growth ratio of 1.19 and a beta of 2.03.

Aritzia (TSE:ATZ) last announced its quarterly 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 net margin of 10.31% and a return on equity of 30.33%. As a group, sell-side analysts expect that Aritzia will post 1.7771148 earnings per share for the current year.

Key Aritzia News

Here are the key news stories impacting Aritzia this week:

• Positive Sentiment: Aritzia reported first-quarter EPS of C$0.96 on revenue of C$951.0 million, with net income and revenue both jumping sharply versus a year ago, reinforcing the view that demand and profitability remain strong. Aritzia Reports First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: BMO Capital Markets raised its price target to C$196 from C$188 and kept an outperform rating, signaling confidence in further upside. BMO price target raised
• Positive Sentiment: Royal Bank of Canada lifted its target to C$202 from C$193 and reiterated an outperform rating, one of several bullish calls helping support the shares. RBC price target raised
• Positive Sentiment: TD, Canaccord Genuity, Stifel, and Jefferies all raised their targets as well, with most maintaining buy/outperform views, suggesting analysts expect the post-earnings momentum to continue. Multiple analyst price target raises
• Neutral Sentiment: Ventum Financial also increased its target to C$186, but kept a neutral rating, indicating valuation may be getting closer to fair value despite the strong operating results. Ventum target raised

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.