Aritzia (TSE:ATZ) Price Target Cut to C$175.00 by Analysts at Raymond James Financial

Aritzia (TSE:ATZ) had its price objective dropped by equities research analysts at Raymond James Financial from C$200.00 to C$175.00 in a report issued on Tuesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 44.00% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets upped their price target on shares of Aritzia from C$188.00 to C$196.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Canaccord Genuity Group reduced their target price on Aritzia from C$193.00 to C$189.00 and set a “buy” rating for the company in a research report on Thursday, October 1st. TD upped their target price on Aritzia from C$183.00 to C$200.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Ventum Financial raised their price target on Aritzia from C$180.00 to C$186.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Finally, National Bank Financial lifted their price target on Aritzia from C$171.00 to C$175.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$179.31.

Aritzia Stock Down 2.6%

Aritzia stock traded down C$3.21 during mid-day trading on Tuesday, reaching C$121.53. The stock had a trading volume of 472,858 shares, compared to its average volume of 688,170. Aritzia has a fifty-two week low of C$79.40 and a fifty-two week high of C$174.52. The firm has a market capitalization of C$13.92 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 1.19 and a beta of 2.18. The stock’s 50-day simple moving average is C$130.20 and its 200-day simple moving average is C$137.85. The company has a debt-to-equity ratio of 76.35, a quick ratio of 0.19 and a current ratio of 1.39.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, July 9th. The company reported C$0.96 EPS for the quarter. The business had revenue of C$951.01 million for the quarter. Aritzia had a net margin of 11.45% and a return on equity of 34.33%. On average, sell-side analysts forecast that Aritzia will post 1.7771148 EPS for the current fiscal 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.