BMO Capital Markets Increases Aritzia (TSE:ATZ) Price Target to C$136.00

Aritzia (TSE:ATZ) had its target price hoisted by investment analysts at BMO Capital Markets from C$133.00 to C$136.00 in a report released on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 15.86% from the company’s previous close.

A number of other research analysts have also weighed in on ATZ. Desjardins lifted their target price on Aritzia from C$91.00 to C$95.00 in a report on Friday, October 10th. Truist Financial raised their price objective on shares of Aritzia from C$102.00 to C$116.00 in a research report on Thursday, October 30th. Raymond James Financial upped their target price on shares of Aritzia from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Stifel Nicolaus increased their target price on shares of Aritzia from C$96.00 to C$100.00 in a research note on Friday, October 10th. Finally, CIBC boosted their price target on shares of Aritzia from C$95.00 to C$132.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$105.58.

Aritzia Price Performance

ATZ opened at C$117.38 on Friday. The firm has a 50-day moving average price of C$102.38 and a 200-day moving average price of C$85.67. Aritzia has a twelve month low of C$36.51 and a twelve month high of C$117.79. 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 company has a market capitalization of C$13.53 billion, a price-to-earnings ratio of 48.91, a PEG ratio of 1.19 and a beta of 1.97.

Aritzia (TSE:ATZ) last announced its quarterly earnings results on Thursday, October 9th. The company reported C$0.59 EPS 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. Equities analysts expect that Aritzia will post 1.7771148 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.