Aritzia (TSE:ATZ) Stock Rating Upgraded by Royal Bank of Canada

Royal Bank of Canada upgraded shares of Aritzia (TSE:ATZ) from a sector perform rating to an outperform rating in a report published on Thursday morning, Marketbeat reports.

A number of other brokerages have also weighed in on ATZ. BMO Capital Markets upped their target price on shares of Aritzia from C$52.00 to C$57.00 in a research report on Friday, October 11th. TD Securities dropped their target price on shares of Aritzia from C$60.00 to C$58.00 in a research report on Friday, October 11th. Stifel Nicolaus upped their target price on shares of Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. UBS Group upped their target price on shares of Aritzia from C$53.00 to C$54.00 in a research report on Friday, July 12th. Finally, CIBC upped their target price on shares of Aritzia from C$47.00 to C$60.00 in a research report on Friday, October 11th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$55.38.

Aritzia Stock Performance

ATZ opened at C$45.60 on Thursday. The firm has a market cap of C$4.19 billion, a P/E ratio of 67.06, a PEG ratio of 1.19 and a beta of 1.83. Aritzia has a 1-year low of C$20.81 and a 1-year high of C$51.80. The company has a 50 day simple moving average of C$46.86 and a two-hundred day simple moving average of C$41.65. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19.

Aritzia (TSE:ATZ) last posted its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The firm had revenue of C$615.66 million during the quarter, compared to the consensus estimate of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. Equities analysts forecast that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

About Aritzia

Aritzia Inc, together with its subsidiaries, designs, develops, and sells apparels and accessories for women in the United States and Canada. The company offers activewear, blazers and suiting, bodysuits, denim, dresses, jackets and coats, jumpsuits and rompers, leggings and bike shorts, pants, shirts and blouses, shorts, skirts, sweaters, and sweatpants, sweatshirts, hoodies, and sweats, as well as t-shirts, tops, intimates, bra tops, leaotards.