Raymond James Financial Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Key Points

• Raymond James raised its price target on Aritzia from C$110 to C$130 and maintained an outperform rating, implying roughly a 3.9% upside from the current price.
• Analyst consensus remains positive with one Strong Buy, nine Buy and one Hold; MarketBeat shows an average rating of Buy and an average target of C$117.92.
• Shares recently traded at C$125.11 (near a 12‑month high of C$126.02), with a market cap of C$14.42 billion and a high P/E of 52.13, indicating a premium valuation.

Aritzia (TSE:ATZ - Get Free Report) had its price objective boosted by Raymond James Financial from C$110.00 to C$130.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Raymond James Financial's target price would suggest a potential upside of 3.91% from the stock's current price.

ATZ has been the subject of several other research reports. BMO Capital Markets upped their price target on Aritzia from C$133.00 to C$136.00 and gave the company an "outperform" rating in a report on Friday, December 19th. Jefferies Financial Group boosted their price target on shares of Aritzia from C$114.00 to C$140.00 in a research report on Tuesday. Canaccord Genuity Group reduced their target price on Aritzia from C$95.00 to C$93.00 in a report on Friday, October 10th. The Goldman Sachs Group raised Aritzia to a "strong-buy" rating in a report on Thursday, December 11th. Finally, Wells Fargo & Company set a C$110.00 target price on shares of Aritzia and gave the stock an "equal weight" rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Aritzia has an average rating of "Buy" and an average target price of C$117.92.

Aritzia Stock Performance

ATZ traded up C$3.71 during trading on Wednesday, hitting C$125.11. The stock had a trading volume of 625,342 shares, compared to its average volume of 622,218. The firm has a market cap of C$14.42 billion, a PE ratio of 52.13, a P/E/G ratio of 1.19 and a beta of 2.01. The company has a 50 day simple moving average of C$108.60 and a 200-day simple moving average of C$90.02. Aritzia has a 12 month low of C$36.51 and a 12 month high of C$126.02. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51.

Aritzia (TSE:ATZ - Get Free Report) last posted its quarterly earnings data on Thursday, October 9th. The company reported C$0.59 earnings per share for the quarter. The business had revenue of C$812.05 million during the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%. Analysts expect that Aritzia will post 1.7771148 EPS for the current year.

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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