Aritzia (TSE:ATZ) Price Target Cut to C$189.00 by Analysts at Canaccord Genuity Group

Key Points

• Canaccord Genuity cut Aritzia’s price target to C$189 from C$193 but maintained a “buy” rating, implying 57% upside from the prior close.
• Analyst sentiment remains positive overall: Aritzia has a consensus “Moderate Buy” rating and an average price target of C$180.56, although Ventum Capital lowered its target to C$146 and rated the stock “neutral.”
• Aritzia shares traded at C$120.38, while the company recently reported C$0.96 in quarterly EPS and C$951.01 million in revenue, with an 11.45% net margin and 34.33% return on equity.

Aritzia (TSE:ATZ - Get Free Report) had its price objective dropped by Canaccord Genuity Group from C$193.00 to C$189.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's price objective points to a potential upside of 57.00% from the stock's previous close.

A number of other brokerages have also weighed in on ATZ. TD boosted their target price on Aritzia from C$183.00 to C$200.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Royal Bank Of Canada upped their price objective on Aritzia from C$193.00 to C$202.00 and gave the stock an "outperform" rating in a research note on Friday, July 10th. BMO Capital Markets raised their target price on shares of Aritzia from C$188.00 to C$196.00 and gave the stock an "outperform" rating in a research note on Friday, July 10th. Ventum Capital decreased their price objective on shares of Aritzia from C$186.00 to C$146.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, UBS Group raised their price target on Aritzia from C$189.00 to C$204.00 and gave the company a "buy" rating in a report on Friday, June 26th. 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$180.56.

Aritzia Trading Up 0.4%

Aritzia stock traded up C$0.50 during mid-day trading on Thursday, reaching C$120.38. 163,626 shares of the company traded hands, compared to its average volume of 688,927. The firm's 50 day moving average price is C$130.94 and its 200 day moving average price is C$137.64. The company has a debt-to-equity ratio of 76.35, a current ratio of 1.39 and a quick ratio of 0.19. The firm has a market capitalization of C$13.79 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 1.19 and a beta of 2.04. Aritzia has a 52-week low of C$79.40 and a 52-week high of C$174.52.

Aritzia (TSE:ATZ - Get Free Report) last posted its quarterly earnings data on Thursday, July 9th. The company reported C$0.96 EPS for the quarter. Aritzia had a net margin of 11.45% and a return on equity of 34.33%. The business had revenue of C$951.01 million for the quarter. On average, analysts anticipate that Aritzia will post 1.7771148 earnings per share for the current fiscal 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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