Desjardins Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its price target upped by Desjardins from C$95.00 to C$125.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 6.81% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Aritzia from C$133.00 to C$136.00 and gave the stock an “outperform” rating in a research report on Friday. Raymond James Financial raised their target price on shares of Aritzia from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Wells Fargo & Company set a C$110.00 price target on shares of Aritzia and gave the stock an “equal weight” rating in a research report on Friday, December 12th. The Goldman Sachs Group upgraded Aritzia to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Truist Financial boosted their price objective on Aritzia from C$102.00 to C$116.00 in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Aritzia currently has an average rating of “Buy” and a consensus target price of C$105.58.

Aritzia Trading Up 1.8%

Shares of ATZ stock traded up C$2.07 on Friday, reaching C$117.03. 316,085 shares of the stock were exchanged, compared to its average volume of 581,589. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The stock has a market cap of C$13.49 billion, a P/E ratio of 48.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.97. The firm has a 50 day moving average of C$101.75 and a two-hundred day moving average of C$85.20. Aritzia has a 1-year low of C$36.51 and a 1-year high of C$117.60.

Aritzia (TSE:ATZ) last issued its earnings results on Thursday, October 9th. The company reported C$0.59 earnings per share for the quarter. The firm had revenue of C$812.05 million for the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%. On average, research analysts anticipate that Aritzia will post 1.7771148 EPS for the current 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.