Aritzia (TSE:ATZ) Price Target Cut to C$191.00 by Analysts at BMO Capital Markets

Key Points

• BMO Capital Markets lowered Aritzia’s price target to C$191 from C$196 while maintaining an “outperform” rating, implying 56.57% upside from the reported share price.
• Analyst sentiment remains favorable, with the stock carrying a consensus “Moderate Buy” rating and an average target price of C$179 based on 15 analyst ratings.
• Aritzia shares fell C$1.29 to C$121.99 in mid-day trading, compared with a 52-week range of C$79.40 to C$174.52; the company most recently reported C$0.96 in quarterly EPS and C$951.01 million in revenue.

Aritzia (TSE:ATZ - Get Free Report) had its price target decreased by investment analysts at BMO Capital Markets from C$196.00 to C$191.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' price objective would suggest a potential upside of 56.57% from the stock's current price.

ATZ has been the topic of several other reports. TD lifted their target price on shares of Aritzia from C$183.00 to C$200.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Ventum Financial lifted their price target on shares of Aritzia from C$180.00 to C$186.00 and gave the stock a "neutral" rating in a report on Friday, July 10th. Ventum Capital decreased their price objective on Aritzia from C$186.00 to C$146.00 and set a "neutral" rating for the company in a report on Wednesday, September 30th. Royal Bank Of Canada lifted their target price 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 lowered their price objective on Aritzia from C$200.00 to C$175.00 and set an "outperform" rating for the company in a research report on Tuesday. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$179.00.

Aritzia Price Performance

Shares of TSE ATZ traded down C$1.29 during mid-day trading on Thursday, hitting C$121.99. 347,855 shares of the stock traded hands, compared to its average volume of 690,373. The company has a market cap of C$13.98 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 1.19 and a beta of 2.18. Aritzia has a twelve month low of C$79.40 and a twelve month high of C$174.52. 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 50 day simple moving average of C$129.63 and a two-hundred day simple moving average of C$138.01.

Aritzia (TSE:ATZ - Get Free Report) last posted its earnings results on Thursday, July 9th. The company reported C$0.96 EPS for the quarter. The firm had revenue of C$951.01 million during the quarter. Aritzia had a return on equity of 34.33% and a net margin of 11.45%. As a group, equities research analysts forecast that Aritzia will post 1.7771148 EPS 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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