Jefferies Financial Group Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ) had its target price raised by stock analysts at Jefferies Financial Group from C$114.00 to C$140.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price objective would suggest a potential upside of 13.09% from the company’s previous close.

A number of other research analysts have also weighed in on ATZ. Canaccord Genuity Group decreased their target price on Aritzia from C$95.00 to C$93.00 in a report on Friday, October 10th. Raymond James Financial increased their price objective on shares of Aritzia from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. CIBC raised their target price on shares of Aritzia from C$95.00 to C$132.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. TD Securities upped their price target on shares of Aritzia from C$110.00 to C$133.00 in a research note on Monday, December 22nd. Finally, BMO Capital Markets increased their price target on shares of Aritzia from C$133.00 to C$136.00 and gave the company an “outperform” rating in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$117.92.

Aritzia Trading Up 2.0%

Shares of TSE:ATZ opened at C$123.80 on Tuesday. Aritzia has a 52-week low of C$36.51 and a 52-week high of C$126.02. 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 has a market capitalization of C$14.27 billion, a P/E ratio of 51.58, a price-to-earnings-growth ratio of 1.19 and a beta of 2.01. The company has a 50-day simple moving average of C$109.11 and a 200 day simple moving average of C$90.26.

Aritzia (TSE:ATZ) last announced its quarterly earnings results on Thursday, October 9th. The company reported C$0.59 earnings per share for the quarter. The firm had revenue of C$812.05 million for the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%. Sell-side analysts forecast that Aritzia will post 1.7771148 earnings per share for the current 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.