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

Aritzia (TSE:ATZ) had its price objective hoisted by analysts at Stifel Nicolaus from C$132.00 to C$150.00 in a research report issued on Sunday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 8.89% from the stock’s previous close.

A number of other analysts also recently weighed in on the company. The Goldman Sachs Group upgraded Aritzia to a “strong-buy” rating in a research note on Thursday, December 11th. Desjardins boosted their target price on shares of Aritzia from C$125.00 to C$133.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. CIBC increased their price target on shares of Aritzia from C$132.00 to C$148.00 in a report on Friday. Truist Financial boosted their price objective on shares of Aritzia from C$116.00 to C$157.00 in a report on Friday. Finally, Royal Bank Of Canada upped their target price on shares of Aritzia from C$116.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$137.42.

Aritzia Price Performance

Aritzia stock opened at C$137.75 on Friday. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The business has a 50 day simple moving average of C$111.12 and a 200-day simple moving average of C$91.74. Aritzia has a 12 month low of C$36.51 and a 12 month high of C$138.29. The stock has a market capitalization of C$15.90 billion, a PE ratio of 47.01, a price-to-earnings-growth ratio of 1.19 and a beta of 2.01.

Aritzia (TSE:ATZ) last posted its quarterly earnings results on Thursday, January 8th. The company reported C$1.10 earnings per share (EPS) for the quarter. Aritzia had a net margin of 5.24% and a return on equity of 15.24%. The firm had revenue of C$1.04 billion during the quarter. Equities analysts predict 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.