Aritzia (TSE:ATZ) Stock Price Target Raised at Canaccord Genuity Group

Key Points

• Canaccord Genuity raised Aritzia’s price target to C$197 from C$194 and maintained a “buy” rating, implying 28.49% upside from the prior close.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of C$180.24. Royal Bank of Canada also raised its target to C$207, while Jefferies downgraded the stock to “hold” with a C$160 target.
• Aritzia shares traded at C$153.32, with the company reporting C$1.31 in quarterly EPS and C$1.17 billion in revenue. The retailer has a C$17.36 billion market capitalization and a 13.62% net margin.

Aritzia (TSE:ATZ - Get Free Report) had its price target increased by equities research analysts at Canaccord Genuity Group from C$194.00 to C$197.00 in a research note issued on Wednesday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective indicates a potential upside of 28.49% from the company's previous close.

A number of other brokerages also recently issued reports on ATZ. Stifel Nicolaus increased their price target on shares of Aritzia from C$180.00 to C$190.00 and gave the stock a "buy" rating in a report on Friday, July 10th. BMO Capital Markets dropped their price target on shares of Aritzia from C$196.00 to C$191.00 and set an "outperform" rating on the stock in a research report on Thursday, October 8th. Desjardins set a C$180.00 price objective on shares of Aritzia and gave the company a "buy" rating in a report on Tuesday, October 6th. Jefferies Financial Group downgraded shares of Aritzia from a "buy" rating to a "hold" rating and set a C$160.00 price objective for the company. in a research report on Tuesday, October 13th. Finally, Royal Bank Of Canada increased their target price on shares of Aritzia from C$195.00 to C$207.00 and gave the stock an "outperform" rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$180.24.

Aritzia Stock Performance

TSE:ATZ traded down C$2.06 during trading hours on Wednesday, reaching C$153.32. The company had a trading volume of 437,850 shares, compared to its average volume of 706,915. Aritzia has a 1-year low of C$92.30 and a 1-year high of C$174.52. The firm has a market cap of C$17.36 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 1.19 and a beta of 2.18. The business's 50 day moving average price is C$132.08 and its 200-day moving average price is C$133.95. The company has a debt-to-equity ratio of 79.21, a current ratio of 1.31 and a quick ratio of 0.19.

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