Aritzia (TSE:ATZ) Price Target Raised to C$185.00

Key Points

• Truist raised its price target on Aritzia to C$185.00 (from C$164.00), implying roughly a 25.95% upside from the prior close.
• Analyst consensus remains positive: one analyst rates Aritzia a Strong Buy, eleven rate it Buy and one rates it Hold, with a consensus price target of C$163.92.
• Recent stock and fundamentals: Aritzia closed at C$146.88 on Friday with a market cap of C$17.01B, a 12-month range of C$57.98–C$156, a P/E of 50.13 and a debt-to-equity ratio of 77.42.

Aritzia (TSE:ATZ - Get Free Report) had its price objective hoisted by research analysts at Truist Financial from C$164.00 to C$185.00 in a research note issued to investors on Friday,BayStreet.CA reports. Truist Financial's price objective would suggest a potential upside of 25.95% from the company's previous close.

ATZ has been the subject of several other reports. Royal Bank Of Canada lifted their price objective on Aritzia from C$150.00 to C$175.00 and gave the company an "outperform" rating in a report on Monday. Canaccord Genuity Group boosted their target price on shares of 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 upped their price target on shares of Aritzia from C$163.00 to C$188.00 in a report on Friday. Wells Fargo & Company upped their target price on Aritzia from C$110.00 to C$140.00 in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus raised their target price on Aritzia from C$150.00 to C$158.00 and gave the company a "buy" rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$163.92.

Aritzia Stock Performance

TSE ATZ traded up C$4.88 during trading on Friday, reaching C$146.88. The company's stock had a trading volume of 805,289 shares, compared to its average volume of 694,543. The firm has a 50 day moving average price of C$123.48 and a 200 day moving average price of C$116.01. Aritzia has a 12 month low of C$57.98 and a 12 month high of C$156.00. The firm has a market capitalization of C$17.01 billion, a price-to-earnings ratio of 50.13, a price-to-earnings-growth ratio of 1.19 and a beta of 2.11. The company has a current ratio of 1.44, a quick ratio of 0.19 and a debt-to-equity ratio of 77.42.

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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