Aritzia (TSE:ATZ) Issues Earnings Results

Aritzia (TSE:ATZ) posted its quarterly earnings results on Thursday. The company reported C$0.96 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$951.01 million during the quarter. Aritzia had a return on equity of 30.33% and a net margin of 10.31%.

Aritzia Stock Up 2.7%

TSE:ATZ traded up C$3.90 on Thursday, reaching C$148.98. The stock had a trading volume of 1,667,937 shares, compared to its average volume of 680,127. The company has a 50-day moving average of C$152.46 and a 200 day moving average of C$131.56. The company has a current ratio of 1.43, a quick ratio of 0.19 and a debt-to-equity ratio of 73.16. The stock has a market cap of C$17.07 billion, a P/E ratio of 46.56, a price-to-earnings-growth ratio of 1.19 and a beta of 2.03. Aritzia has a 12-month low of C$70.70 and a 12-month high of C$174.52.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Truist Financial raised their price objective on Aritzia from C$164.00 to C$185.00 in a report on Friday, May 8th. TD set a C$183.00 target price on shares of Aritzia and gave the stock a “buy” rating in a research report on Friday, June 26th. Desjardins set a C$175.00 target price on shares of Aritzia and gave the stock a “buy” rating in a research report on Wednesday. National Bank Financial raised their price target on shares of Aritzia from C$171.00 to C$175.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Finally, UBS Group lifted their price target on shares of Aritzia from C$189.00 to C$204.00 and gave the company a “buy” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Aritzia has a consensus rating of “Buy” and a consensus price target of C$176.50.

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.