TD Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Key Points

• TD raised its price target on Aritzia to C$190 from C$175 and maintained a “buy” rating, implying approximately 23.9% upside from the stock’s reported C$153.32 price.
• Analyst sentiment is broadly positive: Aritzia has a “Moderate Buy” consensus rating and a C$180.24 average target, with RBC raising its target to C$207 and several other firms also increasing their targets.
• Aritzia reported quarterly revenue of C$1.17 billion and EPS of C$1.31, alongside a 13.62% net margin and 42.25% return on equity. The stock has risen substantially from its C$92.30 52-week low but remains below its C$174.52 high.

Aritzia (TSE:ATZ - Get Free Report) had its target price upped by equities researchers at TD from C$175.00 to C$190.00 in a note issued to investors on Wednesday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. TD's price objective would indicate a potential upside of 23.92% from the stock's current price.

Several other analysts have also issued reports on the company. Royal Bank Of Canada boosted their target price on Aritzia from C$195.00 to C$207.00 and gave the company an "outperform" rating in a research note on Wednesday. Stifel Nicolaus increased 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. 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 report on Friday, July 10th. Scotiabank lifted their price objective on Aritzia from C$175.00 to C$185.00 and gave the stock a "sector outperform" rating in a report on Wednesday. Finally, Desjardins set a C$180.00 price objective on Aritzia and gave the company a "buy" rating in a research note on Tuesday, October 6th. 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. According to data from MarketBeat, the company presently 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 trading hours on Wednesday, hitting C$153.32. 437,850 shares of the company were exchanged, compared to its average volume of 706,915. The firm has a fifty day simple moving average of C$132.08 and a 200 day simple moving average of C$133.95. The company has a current ratio of 1.31, a quick ratio of 0.19 and a debt-to-equity ratio of 79.21. Aritzia has a 52-week low of C$92.30 and a 52-week high of C$174.52. The stock has a market capitalization of C$17.36 billion, a price-to-earnings ratio of 30.91, a P/E/G ratio of 1.19 and a beta of 2.18.

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