Aritzia (TSE:ATZ) Given a C$160.00 Price Target at Ventum Capital

Key Points

• Ventum Capital set a C$160 price target for Aritzia and maintained a neutral rating, implying 3.71% upside from the prior close.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of C$177.53.
• Aritzia shares rose 1.1% to C$154.27, while the company reported quarterly revenue of C$1.17 billion and earnings of C$1.31 per share.

Aritzia (TSE:ATZ - Get Free Report) received a C$160.00 price objective from equities researchers at Ventum Capital in a research note issued on Wednesday, BayStreet reports. The brokerage presently has a "neutral" rating on the stock. Ventum Capital's price target indicates a potential upside of 3.71% from the stock's previous close.

ATZ has been the subject of several other research reports. Desjardins set a C$180.00 price target on Aritzia and gave the stock a "buy" rating in a report on Tuesday, October 6th. UBS Group lifted their target price on shares of Aritzia from C$189.00 to C$204.00 and gave the stock a "buy" rating in a research note on Friday, June 26th. Jefferies Financial Group downgraded shares of Aritzia from a "buy" rating to a "hold" rating and set a C$160.00 target price on the stock. in a research report on Tuesday, October 13th. Ventum Financial boosted their target price on shares of Aritzia from C$180.00 to C$186.00 and gave the stock a "neutral" rating in a research report on Friday, July 10th. Finally, BMO Capital Markets cut their price target on shares of Aritzia from C$196.00 to C$191.00 and set an "outperform" rating on the stock in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Aritzia has an average rating of "Moderate Buy" and a consensus target price of C$177.53.

Aritzia Stock Up 1.1%

Shares of Aritzia stock traded up C$1.67 during trading on Wednesday, reaching C$154.27. The company's stock had a trading volume of 381,207 shares, compared to its average volume of 702,367. The company has a quick ratio of 0.19, a current ratio of 1.31 and a debt-to-equity ratio of 79.21. The company has a market cap of C$17.47 billion, a price-to-earnings ratio of 31.10, a P/E/G ratio of 1.19 and a beta of 2.18. Aritzia has a 1-year low of C$89.46 and a 1-year high of C$174.52. The company has a 50-day simple moving average of C$130.36 and a two-hundred day simple moving average of C$140.20.

Aritzia (TSE:ATZ - Get Free Report) last announced its earnings results on Thursday, October 8th. The company reported C$1.31 earnings per share for the quarter. Aritzia had a return on equity of 42.25% and a net margin of 13.62%. The firm had revenue of C$1.17 billion for the quarter. As a group, equities analysts forecast that Aritzia will post 1.78 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.