Aritzia Inc. (TSE:ATZ) Receives Average Recommendation of “Buy” from Analysts

Aritzia Inc. (TSE:ATZ) has received an average rating of “Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$174.08.

Several research firms have issued reports on ATZ. TD upped their price objective on Aritzia from C$155.00 to C$183.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Desjardins increased their price target on Aritzia from C$148.00 to C$175.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Canaccord Genuity Group increased their price target on Aritzia from C$166.00 to C$182.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Royal Bank Of Canada increased their price target on Aritzia from C$175.00 to C$193.00 and gave the company an “outperform” rating in a research note on Sunday, May 10th. Finally, Wells Fargo & Company increased their price target on Aritzia from C$110.00 to C$140.00 in a research note on Wednesday, April 29th.

Aritzia Stock Up 1.9%

TSE:ATZ opened at C$156.71 on Friday. The stock’s fifty day moving average price is C$149.89 and its two-hundred day moving average price is C$129.09. Aritzia has a 52-week low of C$67.87 and a 52-week high of C$174.52. The company has a debt-to-equity ratio of 73.16, a quick ratio of 0.19 and a current ratio of 1.43. The company has a market cap of C$17.96 billion, a price-to-earnings ratio of 48.97, a P/E/G ratio of 1.19 and a beta of 2.01.

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.