Aritzia Inc. (TSE:ATZ) Given Average Rating of "Buy" by Analysts

Key Points

• Analyst consensus: Eleven analysts give Aritzia an average rating of "Buy" (9 buys, 1 hold, 1 strong-buy) with a 1-year average price target of C$139.67, and several firms (TD, BMO, Stifel, CIBC) recently raised targets while Goldman Sachs upgraded to strong-buy.
• Stock and fundamentals: Shares opened at C$112.53 (50‑day SMA C$119.33, 200‑day SMA C$105.89) with a market cap of ~C$13.03B and a PE of 38.41; the company posted C$1.10 EPS and C$1.04B revenue last quarter, with ROE 29.12% and a net margin of 10.18%.

Shares of Aritzia Inc. (TSE:ATZ - Get Free Report) have been given an average rating of "Buy" by the eleven analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$139.67.

ATZ has been the topic of several research reports. TD Securities increased their price objective on shares of Aritzia from C$133.00 to C$155.00 and gave the stock a "buy" rating in a research note on Friday, January 9th. BMO Capital Markets lifted their price objective on shares of Aritzia from C$160.00 to C$163.00 and gave the company an "outperform" rating in a research note on Monday, February 23rd. Stifel Nicolaus upped their target price on Aritzia from C$132.00 to C$150.00 and gave the stock a "buy" rating in a research report on Sunday, January 11th. Canadian Imperial Bank of Commerce upped their price target on shares of Aritzia from C$132.00 to C$148.00 in a report on Friday, January 9th. Finally, The Goldman Sachs Group upgraded Aritzia to a "strong-buy" rating in a research report on Thursday, December 11th.

Aritzia Stock Performance

Shares of Aritzia stock opened at C$112.53 on Wednesday. The firm's 50-day simple moving average is C$119.33 and its 200-day simple moving average is C$105.89. Aritzia has a 1 year low of C$36.51 and a 1 year high of C$139.59. The firm has a market cap of C$13.03 billion, a PE ratio of 38.41, a price-to-earnings-growth ratio of 1.19 and a beta of 2.06. The company has a debt-to-equity ratio of 77.42, a quick ratio of 0.19 and a current ratio of 1.44.

Aritzia (TSE:ATZ - Get Free Report) last released its earnings results on Thursday, January 8th. The company reported C$1.10 EPS for the quarter. The company had revenue of C$1.04 billion for the quarter. Aritzia had a return on equity of 29.12% and a net margin of 10.18%. Equities analysts forecast that Aritzia will post 1.7771148 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.