Aritzia (TSE:ATZ) Stock Rating Lowered by Jefferies Financial Group

Key Points

• Jefferies downgraded Aritzia from “buy” to “hold” while maintaining a C$160 price target, implying approximately 9.5% upside from the current price.
• Despite the downgrade, analyst sentiment remains positive overall, with Aritzia carrying a “Moderate Buy” consensus rating and an average target price of C$177.69.
• Aritzia shares fell 0.5% to C$146.14 in Tuesday trading. The company recently reported C$1.31 in quarterly EPS and C$1.17 billion in revenue, with analysts forecasting C$1.78 in EPS for the fiscal year.

Aritzia (TSE:ATZ - Get Free Report) was downgraded by stock analysts at Jefferies Financial Group from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday, BayStreet reports. They presently have a C$160.00 target price on the stock. Jefferies Financial Group's target price suggests a potential upside of 9.48% from the company's current price.

A number of other research firms have also commented on ATZ. Ventum Financial lifted their price objective on Aritzia from C$180.00 to C$186.00 and gave the stock a "neutral" rating in a research note on Friday, July 10th. Ventum Capital increased their target price on Aritzia from C$146.00 to C$160.00 and gave the company a "neutral" rating in a research note on Friday. Raymond James Financial set a C$175.00 target price on Aritzia and gave the company an "outperform" rating in a report on Monday. National Bank Financial lifted their price target on Aritzia from C$171.00 to C$175.00 and gave the stock an "outperform" rating in a research report on Monday, June 29th. Finally, Royal Bank Of Canada upped their price target on Aritzia from C$193.00 to C$202.00 and gave the stock an "outperform" rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Aritzia currently has an average rating of "Moderate Buy" and a consensus target price of C$177.69.

Aritzia Stock Down 0.5%

Shares of ATZ stock traded down C$0.77 during trading on Tuesday, hitting C$146.14. 649,862 shares of the company were exchanged, compared to its average volume of 699,928. The business's 50-day simple moving average is C$129.58 and its 200 day simple moving average is C$138.62. Aritzia has a twelve month low of C$84.69 and a twelve month high of C$174.52. The firm has a market capitalization of C$16.55 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 1.19 and a beta of 2.18. The company has a debt-to-equity ratio of 79.21, a quick ratio of 0.19 and a current ratio of 1.31.

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