Aritzia (TSE:ATZ) Given a C$175.00 Price Target at Raymond James Financial

Key Points

• Raymond James set a C$175 price target on Aritzia and maintained an “outperform” rating, implying 19.12% upside from the prior close.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of C$178.62; recent targets range as high as C$204 from UBS.
• Aritzia shares closed at C$146.91, while the company recently reported C$1.31 in quarterly EPS and C$1.17 billion in revenue.

Aritzia (TSE:ATZ - Get Free Report) has been given a C$175.00 price target by investment analysts at Raymond James Financial in a report released on Monday, BayStreet reports. The firm currently has an "outperform" rating on the stock. Raymond James Financial's target price would indicate a potential upside of 19.12% from the company's previous close.

Other analysts also recently issued research reports about the company. Ventum Capital lifted their price target on Aritzia from C$146.00 to C$160.00 and gave the company a "neutral" rating in a research report on Friday. UBS Group upped their price objective on shares of Aritzia from C$189.00 to C$204.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Jefferies Financial Group raised their target price on shares of Aritzia from C$165.00 to C$175.00 in a research note on Friday, July 10th. Stifel Nicolaus lifted their target price on shares of Aritzia from C$180.00 to C$190.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Finally, National Bank Financial boosted their price target on shares of Aritzia from C$171.00 to C$175.00 and gave the stock an "outperform" rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Aritzia currently has a consensus rating of "Moderate Buy" and a consensus price target of C$178.62.

Aritzia Stock Performance

Shares of ATZ remained flat at C$146.91 during mid-day trading on Monday. 2,316,684 shares of the stock were exchanged, compared to its average volume of 700,307. The business has a 50-day simple moving average of C$129.44 and a two-hundred day simple moving average of C$138.38. The firm has a market cap of C$16.63 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 1.19 and a beta of 2.18. The company has a current ratio of 1.31, a quick ratio of 0.19 and a debt-to-equity ratio of 79.21. Aritzia has a 12-month low of C$84.48 and a 12-month high of C$174.52.

Aritzia (TSE:ATZ - Get Free Report) last posted its quarterly earnings data on Thursday, October 8th. The company reported C$1.31 earnings per share (EPS) for the quarter. The company had revenue of C$1.17 billion during the quarter. Aritzia had a return on equity of 42.25% and a net margin of 13.62%. On average, sell-side analysts anticipate that Aritzia will post 1.78 EPS 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.

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