Aritzia (TSE:ATZ) Stock Price Target Cut by Ventum Capital

Key Points

• Ventum Capital cut Aritzia’s price target from C$186 to C$146 and maintained a “neutral” rating, implying roughly 19.1% upside from the prior close.
• Despite the reduction, analyst sentiment remains favorable: Aritzia has a consensus “Moderate Buy” rating and an average price target of C$180.81, with several firms recently raising their targets.
• Aritzia reported quarterly EPS of C$0.96 on revenue of C$951.01 million. The stock opened at C$122.59, compared with a 52-week range of C$79.40 to C$174.52.

Aritzia (TSE:ATZ - Get Free Report) had its price objective lowered by Ventum Capital from C$186.00 to C$146.00 in a note issued to investors on Wednesday, BayStreet reports. The firm currently has a "neutral" rating on the stock. Ventum Capital's target price would indicate a potential upside of 19.10% from the company's previous close.

ATZ has been the topic of several other reports. National Bank Financial boosted their price target on shares of Aritzia from C$171.00 to C$175.00 and gave the company an "outperform" rating in a report on Monday, June 29th. Desjardins set a C$175.00 price objective on Aritzia and gave the company a "buy" rating in a research report on Wednesday, July 8th. BMO Capital Markets lifted their price objective on Aritzia from C$188.00 to C$196.00 and gave the company an "outperform" rating in a research report on Friday, July 10th. Royal Bank Of Canada upped their target price on Aritzia from C$193.00 to C$202.00 and gave the stock an "outperform" rating in a research report on Friday, July 10th. Finally, Stifel Nicolaus raised their price target on Aritzia from C$180.00 to C$190.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$180.81.

Aritzia Price Performance

TSE ATZ opened at C$122.59 on Wednesday. The company has a 50 day simple moving average of C$131.36 and a 200-day simple moving average of C$137.57. 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$14.05 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth 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 announced its quarterly earnings data on Thursday, July 9th. The company reported C$0.96 EPS for the quarter. The firm had revenue of C$951.01 million for the quarter. Aritzia had a net margin of 11.45% and a return on equity of 34.33%. Equities research analysts predict 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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