Aritzia (TSE:ATZ) Given a C$143.00 Price Target by National Bank Financial Analysts

Key Points

• National Bank Financial set a C$143.00 price target and an "outperform" rating on Aritzia, implying roughly a 12.78% upside from the current price.
• Analyst sentiment is broadly positive with a consensus "Buy" (1 Strong Buy, 10 Buy, 1 Hold) and an average target of C$139.92, with individual targets ranging as high as C$164.
• Aritzia traded at C$126.80 mid-session, has a market cap of C$14.68B and a P/E of ~43.3, and reported quarterly EPS of C$1.10 on C$1.04B revenue with a ~10.2% net margin.

Aritzia (TSE:ATZ - Get Free Report) has been given a C$143.00 target price by analysts at National Bank Financial in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bank Financial's price objective would suggest a potential upside of 12.78% from the company's current price.

A number of other equities research analysts have also recently commented on ATZ. Canaccord Genuity Group raised their target price on Aritzia from C$135.00 to C$164.00 and gave the company a "buy" rating in a research report on Friday, January 9th. BMO Capital Markets set a C$163.00 price objective on Aritzia and gave the stock an "outperform" rating in a report on Thursday, March 19th. TD Securities boosted their target price on Aritzia from C$133.00 to C$155.00 and gave the stock a "buy" rating in a report on Friday, January 9th. Truist Financial boosted their target price on Aritzia from C$116.00 to C$157.00 in a report on Friday, January 9th. Finally, Jefferies Financial Group lifted their price target on shares of Aritzia from C$114.00 to C$140.00 in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$139.92.

Aritzia Stock Performance

ATZ traded up C$1.81 during midday trading on Thursday, hitting C$126.80. 272,706 shares of the company were exchanged, compared to its average volume of 671,116. The company's 50 day simple moving average is C$115.76 and its 200 day simple moving average is C$108.83. The firm has a market capitalization of C$14.68 billion, a price-to-earnings ratio of 43.28, a price-to-earnings-growth ratio of 1.19 and a beta of 1.95. The company has a current ratio of 1.44, a quick ratio of 0.19 and a debt-to-equity ratio of 77.42. Aritzia has a 1-year low of C$39.92 and a 1-year high of C$139.59.

Aritzia (TSE:ATZ - Get Free Report) last announced its quarterly earnings results on Thursday, January 8th. The company reported C$1.10 earnings per share 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%. As a group, sell-side analysts predict that Aritzia will post 1.7771148 earnings per share for the current 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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