Aritzia Inc. (TSE:ATZ) Receives Consensus Recommendation of “Buy” from Analysts

Aritzia Inc. (TSE:ATZ) has received an average recommendation of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$137.42.

A number of research analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Aritzia from C$110.00 to C$120.00 in a research note on Friday, January 9th. Canaccord Genuity Group boosted their price objective on Aritzia from C$135.00 to C$164.00 and gave the stock a “buy” rating in a report on Friday, January 9th. CIBC raised their target price on Aritzia from C$132.00 to C$148.00 in a report on Friday, January 9th. Raymond James Financial upped their price target on Aritzia from C$110.00 to C$130.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Finally, Royal Bank Of Canada increased their price target on Aritzia from C$116.00 to C$150.00 and gave the company an “outperform” rating in a research report on Friday, January 9th.

Aritzia Stock Down 2.1%

Shares of TSE:ATZ opened at C$117.10 on Tuesday. 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 has a 52-week low of C$36.51 and a 52-week high of C$139.59. The business’s 50 day simple moving average is C$116.60 and its two-hundred day simple moving average is C$95.35. The firm has a market cap of C$13.53 billion, a P/E ratio of 39.97, a PEG ratio of 1.19 and a beta of 2.01.

Aritzia (TSE:ATZ) last released its quarterly earnings data on Thursday, January 8th. The company reported C$1.10 EPS 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$1.04 billion during the quarter. As a group, research analysts forecast that Aritzia will post 1.7771148 EPS for the current fiscal 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.