Aritzia Inc. (TSE:ATZ) Given Average Recommendation of “Buy” by Brokerages

Shares of Aritzia Inc. (TSE:ATZ) have been given an average rating of “Buy” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$55.38.

A number of brokerages have recently issued reports on ATZ. Stifel Nicolaus increased their price target on shares of Aritzia from C$50.00 to C$58.00 in a report on Friday, October 11th. Canaccord Genuity Group upped their price target on Aritzia from C$46.00 to C$52.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Royal Bank of Canada raised Aritzia from a “sector perform” rating to an “outperform” rating in a report on Thursday. TD Securities lowered their target price on Aritzia from C$60.00 to C$58.00 in a report on Friday, October 11th. Finally, UBS Group lifted their price target on Aritzia from C$53.00 to C$54.00 in a research note on Friday, July 12th.

Aritzia Stock Up 1.7 %

ATZ stock opened at C$45.60 on Friday. The stock has a market capitalization of C$4.19 billion, a PE ratio of 67.06, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The company has a fifty day moving average of C$46.86 and a 200-day moving average of C$41.59. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. Aritzia has a one year low of C$20.81 and a one year high of C$51.80.

Aritzia (TSE:ATZ) last issued its earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). Aritzia had a return on equity of 9.84% and a net margin of 3.26%. The business had revenue of C$615.66 million for the quarter, compared to analysts’ expectations of C$581.10 million. As a group, analysts expect that Aritzia will post 1.7771148 EPS for the current 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.