Aritzia Inc. (TSE:ATZ) Receives C$183.13 Average PT from Brokerages

Aritzia Inc. (TSE:ATZ) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$183.13.

Several brokerages recently issued reports on ATZ. National Bank Financial raised their target price on shares of Aritzia from C$171.00 to C$175.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. BMO Capital Markets boosted their target price on shares of Aritzia from C$188.00 to C$196.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Canadian Imperial Bank of Commerce increased their price target on Aritzia from C$155.00 to C$171.00 in a report on Sunday, May 10th. UBS Group raised their price target on Aritzia from C$189.00 to C$204.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, Desjardins set a C$175.00 price objective on Aritzia and gave the stock a “buy” rating in a report on Wednesday, July 8th.

Aritzia Price Performance

ATZ opened at C$134.55 on Friday. The company has a debt-to-equity ratio of 76.35, a quick ratio of 0.19 and a current ratio of 1.39. The stock has a market capitalization of C$15.42 billion, a P/E ratio of 35.13, a P/E/G ratio of 1.19 and a beta of 2.10. The company’s 50-day simple moving average is C$149.42 and its two-hundred day simple moving average is C$135.61. Aritzia has a 52-week low of C$72.98 and a 52-week high of C$174.52.

Aritzia (TSE:ATZ) last announced its quarterly earnings results on Thursday, July 9th. The company reported C$0.96 EPS for the quarter. Aritzia had a net margin of 11.45% and a return on equity of 34.33%. The firm had revenue of C$951.01 million during the quarter. As a group, analysts predict that Aritzia will post 1.7771148 EPS for the current 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.