Aritzia (TSE:ATZ) Stock Price Up 12.6% After Analyst Upgrade

Aritzia Inc. (TSE:ATZ)’s share price rose 12.6% during trading on Friday after TD Securities raised their price target on the stock from C$66.00 to C$70.00. TD Securities currently has a buy rating on the stock. Aritzia traded as high as C$57.36 and last traded at C$55.87. Approximately 494,367 shares traded hands during trading, a decline of 34% from the average daily volume of 746,666 shares. The stock had previously closed at C$49.60.

Several other research analysts also recently weighed in on the stock. Canaccord Genuity Group decreased their target price on shares of Aritzia from C$70.00 to C$64.00 and set a “buy” rating for the company in a research note on Friday. Stifel Nicolaus dropped their target price on Aritzia from C$73.00 to C$66.00 and set a “buy” rating on the stock in a research report on Friday. Royal Bank of Canada reduced their price target on Aritzia from C$73.00 to C$65.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Desjardins set a C$82.00 price objective on Aritzia and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, CIBC increased their target price on Aritzia from C$57.00 to C$66.00 in a research note on Friday. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Aritzia has a consensus rating of “Moderate Buy” and a consensus target price of C$64.20.

Aritzia Price Performance

The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The company has a fifty day moving average price of C$50.52 and a 200 day moving average price of C$53.83. The company has a market capitalization of C$6.73 billion, a P/E ratio of 49.57, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83.

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.