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

Shares of Aritzia Inc. (TSE:ATZ) have been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$137.42.

Several research analysts have recently commented on the company. Jefferies Financial Group lifted their target price on Aritzia from C$114.00 to C$140.00 in a research note on Tuesday, January 6th. Stifel Nicolaus increased their target price on shares of Aritzia from C$132.00 to C$150.00 and gave the stock a “buy” rating in a research report on Sunday, January 11th. Royal Bank Of Canada raised their price target on Aritzia from C$116.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. Truist Financial increased their price target on shares of Aritzia from C$116.00 to C$157.00 in a research report on Friday, January 9th. Finally, The Goldman Sachs Group upgraded shares of Aritzia to a “strong-buy” rating in a research report on Thursday, December 11th.

Aritzia Stock Performance

Shares of ATZ opened at C$127.25 on Friday. The company has a market cap of C$14.73 billion, a PE ratio of 43.43, a price-to-earnings-growth ratio of 1.19 and a beta of 2.09. The firm has a 50-day moving average of C$118.81 and a 200-day moving average of C$100.58. Aritzia has a one year low of C$36.51 and a one year high of C$139.59. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19.

Aritzia (TSE:ATZ) last issued its earnings results on Thursday, January 8th. The company reported C$1.10 earnings per share (EPS) for the quarter. The business had revenue of C$1.04 billion during the quarter. Aritzia had a net margin of 5.24% and a return on equity of 15.24%. As a group, equities 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.