Aritzia (TSE:ATZ) Given a C$175.00 Price Target at Scotiabank

Key Points

• Scotiabank set a C$175 price target for Aritzia and maintained a “sector outperform” rating, implying 18.07% upside from the prior close.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of C$177.53, despite Jefferies downgrading the stock to “hold.”
• Aritzia reported C$1.31 in quarterly EPS and C$1.17 billion in revenue, while its shares traded at C$148.22 and remain near the upper end of their C$88.28–C$174.52 12-month range.

Aritzia (TSE:ATZ - Get Free Report) received a C$175.00 price objective from research analysts at Scotiabank in a research report issued to clients and investors on Friday, BayStreet reports. The brokerage presently has a "sector outperform" rating on the stock. Scotiabank's price target points to a potential upside of 18.07% from the company's previous close.

A number of other analysts have also weighed in on ATZ. Jefferies Financial Group lowered shares of Aritzia from a "buy" rating to a "hold" rating and set a C$160.00 price target for the company. in a research note on Tuesday. Ventum Capital boosted their price target on shares of Aritzia from C$146.00 to C$160.00 and gave the company a "neutral" rating in a report on Friday, October 9th. National Bank Financial increased their price objective on Aritzia from C$171.00 to C$175.00 and gave the stock an "outperform" rating in a research note on Monday, June 29th. Royal Bank Of Canada increased their price objective on Aritzia from C$193.00 to C$202.00 and gave the stock an "outperform" rating in a report on Friday, July 10th. Finally, Raymond James Financial set a C$175.00 price target on shares of Aritzia and gave the company an "outperform" rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$177.53.

Aritzia Stock Performance

Shares of TSE ATZ traded down C$2.13 during mid-day trading on Friday, hitting C$148.22. The company had a trading volume of 306,353 shares, compared to its average volume of 701,834. The company has a debt-to-equity ratio of 79.21, a current ratio of 1.31 and a quick ratio of 0.19. The stock has a market cap of C$16.78 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 1.19 and a beta of 2.18. Aritzia has a 12 month low of C$88.28 and a 12 month high of C$174.52. The firm's 50 day simple moving average is C$129.91 and its two-hundred day simple moving average is C$139.39.

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

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