Aritzia (TSE:ATZ) Given a C$175.00 Price Target at Desjardins

Aritzia (TSE:ATZ) received a C$175.00 price objective from Desjardins in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 21.60% from the company’s current price.

A number of other research analysts also recently issued reports on ATZ. Stifel Nicolaus boosted their price objective on Aritzia from C$158.00 to C$180.00 in a research note on Friday, May 8th. Canaccord Genuity Group boosted their target price on shares of Aritzia from C$166.00 to C$182.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Raymond James Financial increased their target price on shares of Aritzia from C$155.00 to C$200.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. BMO Capital Markets raised their price target on shares of Aritzia from C$163.00 to C$188.00 in a report on Friday, May 8th. Finally, National Bank Financial lifted their price target on shares of Aritzia from C$171.00 to C$175.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Aritzia has an average rating of “Buy” and a consensus target price of C$176.50.

Aritzia Trading Down 2.6%

Shares of ATZ stock traded down C$3.80 during trading hours on Wednesday, hitting C$143.92. 386,543 shares of the company’s stock traded hands, compared to its average volume of 674,767. The stock has a market cap of C$16.49 billion, a PE ratio of 44.97, a price-to-earnings-growth ratio of 1.19 and a beta of 2.03. The stock’s 50 day simple moving average is C$152.33 and its 200 day simple moving average is C$131.35. 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 12 month low of C$70.70 and a 12 month high of C$174.52.

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.