Ventum Capital Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Key Points

• Ventum Capital raised its Aritzia price target from C$160 to C$173 while maintaining a “neutral” rating, implying 12.84% upside from the previous close.
• Analyst sentiment is broadly positive: Aritzia has a consensus “Moderate Buy” rating and an average target price of C$180.24, with recent targets ranging from C$175 to C$194.
• Aritzia shares closed at C$153.32 after falling C$2.06 during Wednesday trading. The company recently reported C$1.31 quarterly EPS and C$1.17 billion in revenue, with a 42.25% return on equity.

Aritzia (TSE:ATZ - Get Free Report) had its target price upped by analysts at Ventum Capital from C$160.00 to C$173.00 in a research note issued on Wednesday, BayStreet reports. The firm presently has a "neutral" rating on the stock. Ventum Capital's target price indicates a potential upside of 12.84% from the stock's previous close.

ATZ has been the topic of several other reports. Raymond James Financial set a C$175.00 price target on shares of Aritzia and gave the stock an "outperform" rating in a research note on Monday, October 12th. Scotiabank lifted their target price on shares of Aritzia from C$175.00 to C$185.00 and gave the stock a "sector outperform" rating in a research report on Wednesday. Canaccord Genuity Group boosted their price target on shares of Aritzia from C$189.00 to C$194.00 and gave the stock a "buy" rating in a research note on Friday, October 9th. Ventum Financial raised their price objective on Aritzia from C$180.00 to C$186.00 and gave the company a "neutral" rating in a research note on Friday, July 10th. Finally, Desjardins set a C$180.00 price objective on Aritzia and gave the stock a "buy" rating in a report on Tuesday, October 6th. 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 company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$180.24.

Aritzia Price Performance

Shares of ATZ traded down C$2.06 during midday trading on Wednesday, reaching C$153.32. The stock had a trading volume of 437,850 shares, compared to its average volume of 706,915. The company's 50-day moving average is C$132.08 and its 200 day moving average is C$133.95. Aritzia has a 12-month low of C$92.30 and a 12-month high of C$174.52. The company has a current ratio of 1.31, a quick ratio of 0.19 and a debt-to-equity ratio of 79.21. The company has a market capitalization of C$17.36 billion, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 1.19 and a beta of 2.18.

Aritzia (TSE:ATZ - Get Free Report) last announced its quarterly earnings data 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 for the quarter. Aritzia had a return on equity of 42.25% and a net margin of 13.62%. On average, equities analysts predict 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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