Aritzia (TSE:ATZ) Price Target Raised to C$130.00 at Raymond James Financial

Aritzia (TSE:ATZ) had its price objective increased by Raymond James Financial from C$110.00 to C$130.00 in a research note published on Wednesday,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

A number of other analysts also recently commented on ATZ. CIBC raised their price objective on Aritzia from C$95.00 to C$132.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Stifel Nicolaus raised their target price on Aritzia from C$100.00 to C$132.00 in a research report on Monday. Desjardins boosted their price target on shares of Aritzia from C$125.00 to C$133.00 and gave the company a “buy” rating in a report on Tuesday. Wells Fargo & Company set a C$110.00 price objective on shares of Aritzia and gave the stock an “equal weight” rating in a report on Friday, December 12th. Finally, The Goldman Sachs Group raised shares of Aritzia to a “strong-buy” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Aritzia presently has a consensus rating of “Buy” and a consensus price target of C$117.92.

Aritzia Price Performance

Shares of Aritzia stock opened at C$123.80 on Wednesday. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The company has a market cap of C$14.27 billion, a PE ratio of 51.58, a price-to-earnings-growth ratio of 1.19 and a beta of 2.01. The firm has a fifty day moving average price of C$109.11 and a two-hundred day moving average price of C$90.26. Aritzia has a fifty-two week low of C$36.51 and a fifty-two week high of C$126.02.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, October 9th. The company reported C$0.59 EPS for the quarter. Aritzia had a net margin of 5.24% and a return on equity of 15.24%. The business had revenue of C$812.05 million during the quarter. Analysts expect that Aritzia will post 1.7771148 EPS 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.