Aritzia Inc. (TSE:ATZ) Given Average Rating of “Buy” by Brokerages

Shares of Aritzia Inc. (TSE:ATZ) have been assigned an average rating of “Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$137.42.

Several brokerages have recently issued reports on ATZ. Jefferies Financial Group upped their price target on shares of Aritzia from C$114.00 to C$140.00 in a report on Tuesday, January 6th. Canadian Imperial Bank of Commerce boosted their price objective on Aritzia from C$132.00 to C$148.00 in a research report on Friday, January 9th. Stifel Nicolaus upped their target price on Aritzia from C$132.00 to C$150.00 and gave the stock a “buy” rating in a report on Sunday, January 11th. Truist Financial lifted their price target on Aritzia from C$116.00 to C$157.00 in a research note on Friday, January 9th. Finally, Royal Bank Of Canada boosted their price target on Aritzia from C$116.00 to C$150.00 and gave the stock an “outperform” rating in a report on Friday, January 9th.

Aritzia Trading Up 0.7%

ATZ opened at C$127.25 on Friday. The company’s 50 day moving average is C$118.81 and its 200-day moving average is C$100.58. Aritzia has a 1-year low of C$36.51 and a 1-year high of C$139.59. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. The company has a market cap of C$14.73 billion, a P/E ratio of 43.43, a PEG ratio of 1.19 and a beta of 2.09.

Aritzia (TSE:ATZ) last released its quarterly earnings data on Thursday, January 8th. The company reported C$1.10 earnings per share (EPS) for the quarter. The business had revenue of C$1.04 billion during the quarter. Aritzia had a net margin of 5.24% and a return on equity of 15.24%. Equities research analysts predict that Aritzia will post 1.7771148 earnings per share 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.