Aritzia Inc. (TSE:ATZ) Receives Consensus Recommendation of “Buy” from Brokerages

Aritzia Inc. (TSE:ATZ) has earned a consensus rating of “Buy” from the eleven analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$108.92.

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group upped their price target on shares of Aritzia from C$87.00 to C$92.00 in a research note on Friday, October 10th. Desjardins upped their price objective on Aritzia from C$95.00 to C$125.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Truist Financial increased their price target on shares of Aritzia from C$102.00 to C$116.00 in a research report on Thursday, October 30th. Wells Fargo & Company set a C$110.00 price objective on Aritzia and gave the company an “equal weight” rating in a research report on Friday, December 12th. Finally, The Goldman Sachs Group raised shares of Aritzia to a “strong-buy” rating in a report on Thursday, December 11th.

Aritzia Stock Performance

Shares of Aritzia stock opened at C$117.35 on Friday. Aritzia has a 12 month low of C$36.51 and a 12 month high of C$119.27. The firm has a market capitalization of C$13.53 billion, a P/E ratio of 48.90, a P/E/G ratio of 1.19 and a beta of 1.97. The business has a fifty day simple moving average of C$107.24 and a two-hundred day simple moving average of C$88.61. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51.

Aritzia (TSE:ATZ) last announced 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 business had revenue of C$812.05 million for the quarter. On average, equities analysts forecast that Aritzia will post 1.7771148 earnings per share for the current fiscal 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.