TD Securities Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its price objective increased by TD Securities from C$110.00 to C$133.00 in a report released on Monday,BayStreet.CA reports.

Several other equities analysts have also weighed in on the stock. The Goldman Sachs Group raised shares of Aritzia to a “strong-buy” rating in a research report on Thursday, December 11th. Raymond James Financial increased their target price on Aritzia from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Desjardins upped their target price on Aritzia from C$95.00 to C$125.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group raised their price objective on Aritzia from C$87.00 to C$92.00 in a research note on Friday, October 10th. Finally, Canaccord Genuity Group reduced their price objective on shares of Aritzia from C$95.00 to C$93.00 in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$108.92.

Aritzia Stock Performance

ATZ stock opened at C$118.27 on Monday. Aritzia has a 1-year low of C$36.51 and a 1-year high of C$119.27. 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 firm has a market cap of C$13.63 billion, a PE ratio of 49.28, a P/E/G ratio of 1.19 and a beta of 1.97. The business’s 50-day moving average price is C$103.02 and its two-hundred day moving average price is C$86.14.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Thursday, October 9th. The company reported C$0.59 earnings per share for the quarter. The company had revenue of C$812.05 million during the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%. As a group, research 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.