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

Key Points

• Aritzia saw its price target raised by Desjardins to C$175 from C$148, keeping a "buy" rating and implying about a 19.14% upside from the prior close.
• Several other brokerages (BMO, Truist, Canaccord, Stifel and Wells Fargo) also lifted targets this week, leaving a MarketBeat consensus of Buy with an average price target of C$163.92.
• Shares closed at C$146.88 on Friday (market cap C$17.01B) with a PE of 50.13 and a one‑year range of C$57.98–C$156, reflecting a relatively high valuation amid recent upward momentum.

Aritzia (TSE:ATZ - Get Free Report) had its price target lifted by analysts at Desjardins from C$148.00 to C$175.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' target price suggests a potential upside of 19.14% from the stock's previous close.

A number of other research firms have also recently commented on ATZ. BMO Capital Markets increased their target price on shares of Aritzia from C$163.00 to C$188.00 in a report on Friday. Truist Financial increased their price target on Aritzia from C$164.00 to C$185.00 in a research note on Friday. Canaccord Genuity Group increased their price target on Aritzia from C$166.00 to C$182.00 and gave the company a "buy" rating in a research note on Friday. Wells Fargo & Company upped their target price on Aritzia from C$110.00 to C$140.00 in a report on Wednesday, April 29th. Finally, Stifel Nicolaus lifted their price target on Aritzia from C$158.00 to C$180.00 in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Aritzia has a consensus rating of "Buy" and an average price target of C$163.92.

Aritzia Price Performance

Shares of ATZ stock traded up C$4.88 on Friday, reaching C$146.88. The company had a trading volume of 805,289 shares, compared to its average volume of 694,543. The stock has a market capitalization of C$17.01 billion, a PE ratio of 50.13, a price-to-earnings-growth ratio of 1.19 and a beta of 2.11. The company has a quick ratio of 0.19, a current ratio of 1.44 and a debt-to-equity ratio of 77.42. Aritzia has a one year low of C$57.98 and a one year high of C$156.00. The business's 50-day moving average is C$123.48 and its 200 day moving average is C$116.01.

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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