Stifel Nicolaus Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its target price upped by Stifel Nicolaus from C$150.00 to C$158.00 in a research note released on Monday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada lifted their target price on shares of Aritzia from C$116.00 to C$150.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Desjardins lifted their target price on shares of Aritzia from C$125.00 to C$133.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Jefferies Financial Group lifted their target price on shares of Aritzia from C$114.00 to C$140.00 in a report on Tuesday, January 6th. Truist Financial lifted their target price on shares of Aritzia from C$116.00 to C$157.00 in a report on Friday, January 9th. Finally, Raymond James Financial lifted their target price on shares of Aritzia from C$110.00 to C$130.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$140.54.

Aritzia Trading Down 3.1%

TSE:ATZ opened at C$138.82 on Monday. The stock’s 50 day moving average price is C$121.48 and its 200 day moving average price is C$113.71. The company has a market capitalization of C$16.07 billion, a PE ratio of 47.38, a P/E/G ratio of 1.19 and a beta of 1.95. The company has a quick ratio of 0.19, a current ratio of 1.44 and a debt-to-equity ratio of 77.42. Aritzia has a 52-week low of C$45.84 and a 52-week high of C$145.90.

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.