Stifel Nicolaus Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Key Points

• Stifel Nicolaus raised its price target on Aritzia from C$158 to C$180, a level that implies roughly a 22.6% upside from the stock's current price.
• Several other analysts also increased targets (BMO to C$188, Truist to C$185, TD to C$155, Canaccord to C$164), leaving a consensus target of C$163.92 and an overall "Buy" rating mix (1 Strong Buy, 11 Buy, 1 Hold).
• Aritzia shares traded up to C$146.88 (market cap C$17.01B) and currently trade at a premium valuation (P/E 50.13, PEG 1.19) with a beta of 2.11.

Aritzia (TSE:ATZ - Get Free Report) had its price objective boosted by Stifel Nicolaus from C$158.00 to C$180.00 in a research note issued to investors on Friday,BayStreet.CA reports. Stifel Nicolaus' price objective would suggest a potential upside of 22.55% from the stock's current price.

A number of other equities analysts have also weighed in on the stock. BMO Capital Markets upped their target price on shares of Aritzia from C$163.00 to C$188.00 in a research note on Friday. Truist Financial upped their price target on Aritzia from C$164.00 to C$185.00 in a research report on Friday. TD Securities upped their price target on Aritzia from C$133.00 to C$155.00 and gave the stock a "buy" rating in a research report on Friday, January 9th. Canaccord Genuity Group upped their price target on Aritzia from C$135.00 to C$164.00 and gave the stock a "buy" rating in a research report on Friday, January 9th. Finally, National Bank Financial set a C$143.00 price target on Aritzia and gave the stock an "outperform" rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$163.92.

Aritzia Stock Up 3.4%

TSE ATZ 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 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 debt-to-equity ratio of 77.42, a quick ratio of 0.19 and a current ratio of 1.44. Aritzia has a 1-year low of C$57.98 and a 1-year high of C$156.00. The company's fifty day moving average is C$123.48 and its 200-day moving average is C$116.01.

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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