Cantor Fitzgerald Begins Coverage on Aritzia (TSE:ATZ)

Analysts at Cantor Fitzgerald initiated coverage on shares of Aritzia (TSE:ATZ) in a report released on Monday, Zacks reports. The firm set a “strong-buy” rating on the stock.

A number of other research analysts also recently weighed in on the stock. Desjardins set a C$180.00 target price on shares of Aritzia and gave the company a “buy” rating in a research report on Tuesday, October 6th. Scotiabank increased their price target on shares of Aritzia from C$175.00 to C$185.00 and gave the company a “sector outperform” rating in a report on Wednesday, October 28th. Raymond James Financial set a C$175.00 price objective on shares of Aritzia and gave the stock an “outperform” rating in a research report on Monday, October 12th. Royal Bank Of Canada boosted their price objective on Aritzia from C$195.00 to C$207.00 and gave the stock an “outperform” rating in a report on Wednesday, October 28th. Finally, TD increased their target price on Aritzia from C$175.00 to C$190.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$181.00.

Aritzia Stock Down 3.1%

TSE:ATZ opened at C$157.02 on Monday. The company has a market cap of C$17.78 billion, a price-to-earnings ratio of 31.66, a P/E/G ratio of 1.19 and a beta of 2.19. The company has a debt-to-equity ratio of 79.21, a quick ratio of 0.19 and a current ratio of 1.31. The stock’s fifty day moving average price is C$136.64 and its two-hundred day moving average price is C$135.37. Aritzia has a 52-week low of C$94.36 and a 52-week high of C$174.52.

Aritzia (TSE:ATZ) last released its earnings results on Thursday, October 8th. The company reported C$1.31 EPS for the quarter. The firm had revenue of C$1.17 billion during the quarter. Aritzia had a net margin of 13.62% and a return on equity of 42.25%. On average, analysts anticipate that Aritzia will post 1.78 EPS for the current year.

Aritzia Company Profile

Aritzia is a design house with an innovative global platform. We are creators and purveyors of covetable styles for every function and individual aesthetic. We’re about good design, quality materials and making pieces you’ll wear again and again – all with the wellbeing of our People and Planet in mind. Founded in 1984 in Vancouver, Canada, we pride ourselves on creating immersive, highly personalized shopping experiences at aritzia.com, on our app and in our 145+ boutiques throughout North America – for everyone, everywhere.