Wells Fargo & Company Analysts Give Aritzia (TSE:ATZ) a C$110.00 Price Target

Wells Fargo & Company set a C$110.00 price target on Aritzia (TSE:ATZ) in a research note published on Friday,BayStreet.CA reports. The firm currently has an equal weight rating on the stock.

ATZ has been the topic of several other reports. CIBC upped their price objective on shares of Aritzia from C$87.00 to C$94.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Stifel Nicolaus upped their price target on shares of Aritzia from C$96.00 to C$100.00 in a research note on Friday, October 10th. Canaccord Genuity Group cut their price objective on shares of Aritzia from C$95.00 to C$93.00 in a research report on Friday, October 10th. Truist Financial upped their target price on Aritzia from C$102.00 to C$116.00 in a research report on Thursday, October 30th. Finally, Desjardins increased their target price on Aritzia from C$91.00 to C$95.00 in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$97.25.

Aritzia Price Performance

TSE:ATZ opened at C$113.82 on Friday. The stock has a market capitalization of C$13.12 billion, a PE ratio of 47.43, a P/E/G ratio of 1.19 and a beta of 1.97. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. The firm has a fifty day simple moving average of C$99.19 and a 200 day simple moving average of C$84.15. Aritzia has a 1-year low of C$36.51 and a 1-year high of C$117.08.

Aritzia (TSE:ATZ) last released its quarterly earnings data on Thursday, October 9th. The company reported C$0.59 earnings per share for the quarter. Aritzia had a net margin of 5.24% and a return on equity of 15.24%. The company had revenue of C$812.05 million for the quarter. On average, research analysts expect 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.