Aritzia Inc. (TSE:ATZ) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Aritzia Inc. (TSE:ATZ) has been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$181.00.

A number of research firms have issued reports on ATZ. Royal Bank Of Canada boosted their target price on Aritzia from C$195.00 to C$207.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. BMO Capital Markets reduced their price target on shares of Aritzia from C$196.00 to C$191.00 and set an “outperform” rating for the company in a report on Thursday, October 8th. TD increased their price objective on shares of Aritzia from C$175.00 to C$190.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Ventum Capital raised their price objective on shares of Aritzia from C$160.00 to C$173.00 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. Finally, Jefferies Financial Group cut shares of Aritzia from a “buy” rating to a “hold” rating and set a C$160.00 price objective on the stock. in a research report on Tuesday, October 13th.

Aritzia Price Performance

Aritzia stock opened at C$161.47 on Thursday. The firm has a market capitalization of C$18.28 billion, a P/E ratio of 32.55, a PEG ratio of 1.19 and a beta of 2.18. Aritzia has a 1 year low of C$92.30 and a 1 year high of C$174.52. The business has a 50-day moving average of C$134.60 and a 200-day moving average of C$134.67. The company has a current ratio of 1.31, a quick ratio of 0.19 and a debt-to-equity ratio of 79.21.

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

About Aritzia

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.