Aritzia (TSE:ATZ) Price Target Raised to C$183.00

Key Points

• TD raised its price target on Aritzia from C$155 to C$183, implying roughly a 24.6% upside from the prior close.
• Several other brokerages also lifted targets this week (BMO to C$188, Truist to C$185, etc.), leaving an average analyst price target of C$163.92 and an overall consensus rating of "Buy" (11 Buy, 1 Strong Buy, 1 Hold).
• Aritzia shares traded up about 3.4% to C$146.88 on heavy volume; the company has a market cap near C$17.0B and a high valuation (P/E ~50.1).

Aritzia (TSE:ATZ - Get Free Report) had its target price upped by equities research analysts at TD from C$155.00 to C$183.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD's price objective would suggest a potential upside of 24.59% from the stock's previous close.

Several other equities research analysts also recently issued reports on ATZ. BMO Capital Markets boosted their price objective on Aritzia from C$163.00 to C$188.00 in a report on Friday. Truist Financial boosted their price target on shares of Aritzia from C$164.00 to C$185.00 in a research note on Friday. National Bank Financial set a C$143.00 price target on shares of Aritzia and gave the stock an "outperform" rating in a research report on Thursday, April 9th. Stifel Nicolaus raised their price objective on shares of Aritzia from C$150.00 to C$158.00 and gave the company a "buy" rating in a research note on Monday, April 27th. Finally, Canaccord Genuity Group lifted their price objective on shares of Aritzia from C$135.00 to C$164.00 and gave the company a "buy" rating in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Aritzia presently has an average rating of "Buy" and an average price target of C$163.92.

Aritzia Trading Up 3.4%

Shares of TSE:ATZ traded up C$4.88 during mid-day trading on Friday, reaching C$146.88. 805,289 shares of the company were exchanged, compared to its average volume of 694,543. The firm has a market cap of C$17.01 billion, a price-to-earnings ratio of 50.13, a P/E/G ratio of 1.19 and a beta of 2.11. The company has a debt-to-equity ratio of 77.42, a current ratio of 1.44 and a quick ratio of 0.19. Aritzia has a 1 year low of C$57.98 and a 1 year high of C$156.00. The firm's 50-day simple moving average is C$123.48 and its 200 day simple 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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