Aritzia (TSE:ATZ) Given a C$180.00 Price Target by Desjardins Analysts

Key Points

• Desjardins set a C$180.00 price target for Aritzia with a “buy” rating, implying approximately 48% upside from the stock’s C$121.53 price.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of C$179.31; targets from other firms range as high as C$204.00.
• Aritzia shares fell 2.6% in Tuesday trading. The company recently reported C$0.96 in quarterly EPS on C$951.01 million in revenue, with an 11.45% net margin and 34.33% return on equity.

Aritzia (TSE:ATZ - Get Free Report) has been given a C$180.00 price target by stock analysts at Desjardins in a research note issued to investors on Tuesday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. Desjardins' price objective would indicate a potential upside of 48.11% from the company's current price.

ATZ has been the subject of a number of other reports. Canaccord Genuity Group reduced their target price on shares of Aritzia from C$193.00 to C$189.00 and set a "buy" rating for the company in a research note on Thursday, October 1st. Stifel Nicolaus lifted their price objective on shares of Aritzia from C$180.00 to C$190.00 and gave the company a "buy" rating in a research note on Friday, July 10th. UBS Group increased 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 report on Friday, June 26th. BMO Capital Markets boosted their price target on Aritzia from C$188.00 to C$196.00 and gave the stock an "outperform" rating in a research report on Friday, July 10th. Finally, Jefferies Financial Group upped their price target on Aritzia from C$165.00 to C$175.00 in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$179.31.

Aritzia Trading Down 2.6%

TSE ATZ traded down C$3.21 on Tuesday, hitting C$121.53. 472,858 shares of the stock were exchanged, compared to its average volume of 688,170. The company's 50-day moving average price is C$130.20 and its two-hundred day moving average price is C$137.85. The company has a debt-to-equity ratio of 76.35, a current ratio of 1.39 and a quick ratio of 0.19. Aritzia has a 52-week low of C$79.40 and a 52-week high of C$174.52. The company has a market capitalization of C$13.92 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 1.19 and a beta of 2.18.

Aritzia (TSE:ATZ - Get Free Report) last issued its earnings results on Thursday, July 9th. The company reported C$0.96 earnings per share for the quarter. The company had revenue of C$951.01 million for the quarter. Aritzia had a return on equity of 34.33% and a net margin of 11.45%. Research analysts predict that Aritzia will post 1.7771148 EPS 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.

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