Aritzia (TSE:ATZ) Stock Price Target Lowered at Raymond James Financial

Key Points

• Raymond James lowered Aritzia’s price target from C$200 to C$175 while maintaining an “outperform” rating, implying roughly 44% upside from the prior close.
• Analyst sentiment remains generally positive: Aritzia carries a “Moderate Buy” consensus rating and an average price target of C$179.31, despite some recent target reductions.
• Aritzia shares fell to C$121.53 in Tuesday trading. The company reported quarterly revenue of C$951.01 million and EPS of C$0.96 in its latest results.

Aritzia (TSE:ATZ - Get Free Report) had its target price reduced by research analysts at Raymond James Financial from C$200.00 to C$175.00 in a research report issued to clients and investors on Tuesday, BayStreet reports. The firm currently has an "outperform" rating on the stock. Raymond James Financial's price target would indicate a potential upside of 44.00% from the company's previous close.

A number of other equities research analysts also recently weighed in on the company. Ventum Capital reduced their target price on Aritzia from C$186.00 to C$146.00 and set a "neutral" rating on the stock in a report on Wednesday, September 30th. UBS Group upped their price objective on Aritzia from C$189.00 to C$204.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. National Bank Financial raised their price objective on Aritzia from C$171.00 to C$175.00 and gave the company an "outperform" rating in a research note on Monday, June 29th. Desjardins set a C$175.00 target price on Aritzia and gave the company a "buy" rating in a research report on Wednesday, July 8th. Finally, Jefferies Financial Group boosted their target price on Aritzia from C$165.00 to C$175.00 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 assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$179.31.

Aritzia Price Performance

Shares of TSE:ATZ traded down C$3.21 during trading on Tuesday, reaching C$121.53. 472,858 shares of the company traded hands, compared to its average volume of 688,170. The firm has a market capitalization of C$13.92 billion, a PE ratio of 31.73, a PEG ratio of 1.19 and a beta of 2.18. Aritzia has a 52 week low of C$79.40 and a 52 week high of C$174.52. The company has a quick ratio of 0.19, a current ratio of 1.39 and a debt-to-equity ratio of 76.35. The company's 50 day moving average is C$130.20 and its two-hundred day moving average is C$137.85.

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