Aritzia (TSE:ATZ) Coverage Initiated by Analysts at Cantor Fitzgerald

Analysts at Cantor Fitzgerald assumed coverage on shares of Aritzia (TSE:ATZ) in a report issued on Monday, Zacks reports. The firm set a “strong-buy” rating on the stock.

ATZ has been the topic of several other reports. Jefferies Financial Group lowered 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 note on Tuesday, October 13th. Raymond James Financial set a C$175.00 target price on shares of Aritzia and gave the company an “outperform” rating in a research note on Monday, October 12th. Scotiabank lifted their price target on Aritzia from C$175.00 to C$185.00 and gave the stock a “sector outperform” rating in a report on Wednesday, October 28th. Desjardins set a C$180.00 price target on Aritzia and gave the stock a “buy” rating in a report on Tuesday, October 6th. Finally, National Bank Financial boosted their price target on Aritzia from C$182.00 to C$188.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Aritzia has an average rating of “Moderate Buy” and an average price target of C$181.00.

Aritzia Price Performance

TSE:ATZ opened at C$157.02 on Monday. The stock has a market capitalization of C$17.78 billion, a PE ratio of 31.66, a P/E/G ratio of 1.19 and a beta of 2.19. Aritzia has a 1-year low of C$94.36 and a 1-year high of C$174.52. The firm has a fifty day simple moving average of C$136.64 and a 200 day simple moving average of C$135.37. 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 posted its quarterly earnings results on Thursday, October 8th. The company reported C$1.31 earnings per share (EPS) for the quarter. The firm had revenue of C$1.17 billion for the quarter. Aritzia had a net margin of 13.62% and a return on equity of 42.25%. On average, research analysts expect that Aritzia will post 1.78 EPS for the current fiscal year.

Aritzia Company Profile

Aritzia is a design house with an innovative global platform. We are creators and purveyors of covetable styles for every function and individual aesthetic. We’re about good design, quality materials and making pieces you’ll wear again and again – all with the wellbeing of our People and Planet in mind. Founded in 1984 in Vancouver, Canada, we pride ourselves on creating immersive, highly personalized shopping experiences at aritzia.com, on our app and in our 145+ boutiques throughout North America – for everyone, everywhere.