Aritzia Inc. (TSE:ATZ) Given Consensus Rating of “Buy” by Analysts

Aritzia Inc. (TSE:ATZ) has been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$108.92.

ATZ has been the topic of a number of recent analyst reports. Canaccord Genuity Group cut their price target on shares of Aritzia from C$95.00 to C$93.00 in a report on Friday, October 10th. Truist Financial increased their target price on shares of Aritzia from C$102.00 to C$116.00 in a report on Thursday, October 30th. Wells Fargo & Company set a C$110.00 target price on Aritzia and gave the stock an “equal weight” rating in a research note on Friday, December 12th. BMO Capital Markets boosted their price target on Aritzia from C$133.00 to C$136.00 and gave the company an “outperform” rating in a report on Friday, December 19th. Finally, CIBC upped their price target on Aritzia from C$95.00 to C$132.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th.

Aritzia Trading Up 0.9%

Shares of ATZ opened at C$117.35 on Friday. Aritzia has a fifty-two week low of C$36.51 and a fifty-two week high of C$119.27. The firm has a market cap of C$13.53 billion, a price-to-earnings ratio of 48.90, a PEG ratio of 1.19 and a beta of 1.97. The firm has a 50 day moving average price of C$107.24 and a 200-day moving average price of C$88.61. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29.

Aritzia (TSE:ATZ) last released its quarterly earnings data on Thursday, October 9th. The company reported C$0.59 earnings per share for the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%.The firm had revenue of C$812.05 million during the quarter. As a group, equities research analysts forecast that Aritzia will post 1.7771148 earnings per share for the current year.

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. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.