TD Securities Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ) had its price objective increased by equities research analysts at TD Securities from C$110.00 to C$133.00 in a note issued to investors on Monday,BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 13.49% from the company’s previous close.

A number of other analysts have also recently issued reports on ATZ. The Goldman Sachs Group raised Aritzia to a “strong-buy” rating in a research report on Thursday, December 11th. BMO Capital Markets lifted their price target on Aritzia from C$133.00 to C$136.00 and gave the company an “outperform” rating in a report on Friday, December 19th. Jefferies Financial Group boosted their price target on Aritzia from C$87.00 to C$92.00 in a research note 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. Finally, CIBC lifted their target price on shares of Aritzia from C$95.00 to C$132.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. One investment 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 stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$108.92.

Aritzia Stock Performance

Shares of ATZ opened at C$117.19 on Monday. The company has a market capitalization of C$13.51 billion, a PE ratio of 48.83, a PEG ratio of 1.19 and a beta of 1.97. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. The company’s 50 day moving average price is C$103.64 and its 200 day moving average price is C$86.49. Aritzia has a 52 week low of C$36.51 and a 52 week high of C$119.27.

Aritzia (TSE:ATZ) last issued its earnings results on Thursday, October 9th. The company reported C$0.59 earnings per share (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 during the quarter. 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. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.