Aritzia (TSE:ATZ) Stock Price Expected to Rise, Desjardins Analyst Says

Aritzia (TSE:ATZ) had its price target upped by research analysts at Desjardins from C$125.00 to C$133.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 7.43% from the stock’s previous close.

Several other analysts also recently commented on the company. CIBC raised their target price on Aritzia from C$95.00 to C$132.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Wells Fargo & Company set a C$110.00 price target on Aritzia and gave the stock an “equal weight” rating in a report on Friday, December 12th. TD Securities boosted their price objective on Aritzia from C$110.00 to C$133.00 in a report on Monday, December 22nd. Truist Financial increased their target price on Aritzia from C$102.00 to C$116.00 in a report on Thursday, October 30th. Finally, Jefferies Financial Group boosted their price target on shares of Aritzia from C$114.00 to C$140.00 in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$117.92.

Aritzia Stock Up 2.0%

Aritzia stock opened at C$123.80 on Tuesday. The company has a market capitalization of C$14.27 billion, a PE ratio of 51.58, a PEG ratio of 1.19 and a beta of 2.01. Aritzia has a 12-month low of C$36.51 and a 12-month high of C$126.02. The firm’s fifty day moving average is C$109.11 and its 200 day moving average is C$90.26. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51.

Aritzia (TSE:ATZ) last posted 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 business had revenue of C$812.05 million during the quarter. As a group, sell-side analysts predict 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.