Aritzia (TSE:ATZ) Given New C$185.00 Price Target at Scotiabank

Key Points

• Scotiabank raised Aritzia’s price target to C$185 from C$175 and maintained a “sector outperform” rating, implying 20.66% upside from the prior close.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average target of C$180.24; ratings include 1 Strong Buy, 12 Buys, and 4 Holds.
• Aritzia shares fell 1.3% to C$153.32 in Wednesday trading. The company recently reported C$1.31 in quarterly EPS and C$1.17 billion in revenue, with analysts expecting C$1.78 EPS for the current fiscal year.

Aritzia (TSE:ATZ - Get Free Report) had its price objective hoisted by equities research analysts at Scotiabank from C$175.00 to C$185.00 in a research note issued on Wednesday, BayStreet reports. The brokerage presently has a "sector outperform" rating on the stock. Scotiabank's price objective indicates a potential upside of 20.66% from the company's previous close.

ATZ has been the subject of several other research reports. Royal Bank Of Canada raised their price objective on shares of Aritzia from C$193.00 to C$202.00 and gave the company an "outperform" rating in a research note on Friday, July 10th. Canaccord Genuity Group raised their price target on shares of Aritzia from C$189.00 to C$194.00 and gave the company a "buy" rating in a research report on Friday, October 9th. Desjardins set a C$180.00 price target on shares of Aritzia and gave the stock a "buy" rating in a research note on Tuesday, October 6th. Jefferies Financial Group downgraded 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, October 13th. Finally, TD cut their price objective on Aritzia from C$200.00 to C$175.00 and set a "buy" rating on the stock in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$180.24.

Aritzia Trading Down 1.3%

Shares of TSE ATZ traded down C$2.06 during trading on Wednesday, reaching C$153.32. The stock had a trading volume of 437,850 shares, compared to its average volume of 706,915. The company has a debt-to-equity ratio of 79.21, a quick ratio of 0.19 and a current ratio of 1.31. The company has a market cap of C$17.36 billion, a P/E ratio of 30.91, a PEG ratio of 1.19 and a beta of 2.18. Aritzia has a fifty-two week low of C$92.30 and a fifty-two week high of C$174.52. The business's 50-day moving average price is C$132.08 and its 200-day moving average price is C$133.95.

Aritzia (TSE:ATZ - Get Free Report) last released its earnings results on Thursday, October 8th. The company reported C$1.31 earnings per share 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, equities research analysts predict that Aritzia will post 1.78 EPS for the current fiscal 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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