Aritzia (TSE:ATZ) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada raised Aritzia’s price target from C$195 to C$207 and maintained an “outperform” rating, implying approximately 35% upside from the stock’s C$153.32 price.
• Analyst sentiment remains broadly positive: Aritzia has one Strong Buy, twelve Buy, and four Hold ratings, with a consensus rating of “Moderate Buy” and an average target price of C$180.24.
• Aritzia reported quarterly EPS of C$1.31 on C$1.17 billion in revenue, along with a 42.25% return on equity and a 13.62% net margin. Shares have traded between C$92.30 and C$174.52 over the past year.

Aritzia (TSE:ATZ - Get Free Report) had its target price upped by equities research analysts at Royal Bank Of Canada from C$195.00 to C$207.00 in a report released on Wednesday, BayStreet reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 35.01% from the company's current price.

Other research analysts have also recently issued reports about the company. Canaccord Genuity Group raised their target price on Aritzia from C$189.00 to C$194.00 and gave the stock a "buy" rating in a research report on Friday, October 9th. Jefferies Financial Group lowered shares of Aritzia from a "buy" rating to a "hold" rating and set a C$160.00 price target on the stock. in a report on Tuesday, October 13th. Ventum Capital boosted their price target on shares of Aritzia from C$160.00 to C$173.00 and gave the company a "neutral" rating in a report on Wednesday. Scotiabank increased their price objective on shares of Aritzia from C$175.00 to C$185.00 and gave the company a "sector outperform" rating in a research note on Wednesday. Finally, TD reduced their price objective on shares of Aritzia from C$200.00 to C$175.00 and set a "buy" rating for the company in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$180.24.

Aritzia Stock Performance

Shares of ATZ stock traded down C$2.06 during mid-day 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. Aritzia has a one year low of C$92.30 and a one year high of C$174.52. The firm has a market cap of C$17.36 billion, a PE ratio of 30.91, a P/E/G ratio of 1.19 and a beta of 2.18. The firm's 50 day simple moving average is C$132.08 and its 200 day simple moving average is C$133.95. The company has a quick ratio of 0.19, a current ratio of 1.31 and a debt-to-equity ratio of 79.21.

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