Aritzia (TSE:ATZ) Price Target Raised to C$175.00

Key Points

• Royal Bank of Canada raised its price target on Aritzia from C$150 to C$175 and maintained an outperform rating, implying roughly a 25.3% upside from the current price.
• Multiple brokers (Jefferies, CIBC, Raymond James, Stifel, BMO) have also lifted targets, leaving a consensus Buy rating and an average price target of C$151.08.
• Shares fell 4.6% to C$139.67 on the day; Aritzia carries a market cap of C$16.17B, a P/E of 47.67, and a 12‑month trading range of C$54.87–C$147.85.

Aritzia (TSE:ATZ - Get Free Report) had its price target raised by investment analysts at Royal Bank Of Canada from C$150.00 to C$175.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would suggest a potential upside of 25.30% from the company's current price.

A number of other equities research analysts have also weighed in on the company. Jefferies Financial Group lifted their target price on Aritzia from C$114.00 to C$140.00 in a research report on Tuesday, January 6th. Canadian Imperial Bank of Commerce lifted their target price on Aritzia from C$148.00 to C$155.00 and gave the company an "outperformer" rating in a research report on Monday. Raymond James Financial lifted their target price on Aritzia from C$110.00 to C$130.00 and gave the company an "outperform" rating in a research report on Wednesday, January 7th. Stifel Nicolaus lifted their target price on Aritzia from C$150.00 to C$158.00 and gave the company a "buy" rating in a research report on Monday, April 27th. Finally, BMO Capital Markets set a C$163.00 target price on Aritzia and gave the company an "outperform" rating in a research report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Aritzia has a consensus rating of "Buy" and an average price target of C$151.08.

Aritzia Stock Down 4.6%

TSE ATZ traded down C$6.75 on Monday, reaching C$139.67. 326,786 shares of the stock traded hands, compared to its average volume of 662,983. The company has a debt-to-equity ratio of 77.42, a quick ratio of 0.19 and a current ratio of 1.44. The company has a fifty day moving average price of C$122.40 and a 200-day moving average price of C$114.86. The company has a market cap of C$16.17 billion, a price-to-earnings ratio of 47.67, a PEG ratio of 1.19 and a beta of 1.95. Aritzia has a 12 month low of C$54.87 and a 12 month high of C$147.85.

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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