Aritzia (TSE:ATZ) Trading Up 12.6% Following Analyst Upgrade

Aritzia Inc. (TSE:ATZ) rose 12.6% during trading on Friday after TD Securities raised their price target on the stock from C$66.00 to C$70.00. TD Securities currently has a buy rating on the stock. Aritzia traded as high as C$57.36 and last traded at C$55.87. Approximately 494,367 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 746,666 shares. The stock had previously closed at C$49.60.

Other analysts also recently issued research reports about the company. Stifel Nicolaus decreased their price target on Aritzia from C$73.00 to C$66.00 and set a “buy” rating for the company in a research note on Friday. Canaccord Genuity Group lowered their price target on Aritzia from C$70.00 to C$64.00 and set a “buy” rating on the stock in a report on Friday. UBS Group lifted their price target on shares of Aritzia from C$61.00 to C$66.00 in a research report on Friday. Raymond James upped their price objective on shares of Aritzia from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Desjardins set a C$82.00 target price on shares of Aritzia and gave the stock a “buy” rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$64.20.

Aritzia Price Performance

The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The stock’s 50-day moving average price is C$50.52 and its 200 day moving average price is C$53.83. The firm has a market cap of C$6.73 billion, a price-to-earnings ratio of 49.57, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83.

About Aritzia

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.