Aritzia (TSE:ATZ) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Aritzia (TSE:ATZ – Get Free Report) had its price target hoisted by analysts at Jefferies Financial Group from C$165.00 to C$175.00 in a report released on Friday,BayStreet.CA reports. Jefferies Financial Group’s price target points to a potential upside of 9.53% from the company’s previous close.

Several other equities research analysts have also weighed in on ATZ. Canadian Imperial Bank of Commerce increased their target price on Aritzia from C$155.00 to C$171.00 in a research report on Sunday, May 10th. Desjardins set a C$175.00 price objective on shares of Aritzia and gave the stock a “buy” rating in a report on Wednesday. UBS Group lifted their price objective on shares of Aritzia from C$189.00 to C$204.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Wells Fargo & Company boosted their target price on shares of Aritzia from C$110.00 to C$140.00 in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada raised their price target on shares of Aritzia from C$175.00 to C$193.00 and gave the company an “outperform” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$183.13.

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Aritzia Stock Up 7.2%

Shares of Aritzia stock traded up C$10.80 on Friday, hitting C$159.78. 1,225,130 shares of the company’s stock traded hands, compared to its average volume of 689,285. The stock has a market cap of C$18.31 billion, a P/E ratio of 49.93, a PEG ratio of 1.19 and a beta of 2.03. The company has a quick ratio of 0.19, a current ratio of 1.43 and a debt-to-equity ratio of 73.16. The firm’s 50-day moving average is C$152.66 and its 200 day moving average is C$131.78. Aritzia has a 52-week low of C$70.70 and a 52-week high of C$174.52.

Aritzia (TSE:ATZ – Get Free Report) last issued its earnings results on Thursday, July 9th. The company reported C$0.96 EPS for the quarter. The company had revenue of C$951.01 million during the quarter. Aritzia had a return on equity of 30.33% and a net margin of 10.31%. Equities analysts anticipate that Aritzia will post 1.7771148 earnings per share for the current year.

Aritzia Company Profile

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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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