Scotiabank Boosts Aritzia (TSE:ATZ) Price Target to C$49.00

Aritzia (TSE:ATZ) had its price objective boosted by stock analysts at Scotiabank from C$44.00 to C$49.00 in a research note issued on Thursday, BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 4.21% from the stock’s previous close.

ATZ has been the subject of a number of other research reports. Canaccord Genuity raised their target price on Aritzia from C$43.00 to C$50.00 and gave the stock a “buy” rating in a research note on Thursday. CIBC raised their target price on Aritzia from C$43.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Thursday. TD Securities raised their target price on Aritzia from C$44.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank of Canada lifted their price objective on Aritzia from C$40.00 to C$44.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, BMO Capital Markets lifted their price objective on Aritzia from C$43.00 to C$49.00 and gave the company a “na” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Aritzia has a consensus rating of “Buy” and an average price target of C$49.50.

TSE ATZ traded up C$6.48 during midday trading on Thursday, hitting C$47.02. 1,091,992 shares of the company traded hands, compared to its average volume of 300,846. The company has a debt-to-equity ratio of 150.59, a current ratio of 1.18 and a quick ratio of 0.57. The company has a market cap of C$5.18 billion and a PE ratio of 84.24. The company’s 50-day simple moving average is C$40.74 and its 200-day simple moving average is C$35.63. Aritzia has a 52 week low of C$18.99 and a 52 week high of C$47.98.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Tuesday, July 13th. The company reported C$0.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.17. The business had revenue of C$246.92 million during the quarter, compared to analyst estimates of C$234.20 million. On average, research analysts predict that Aritzia will post 1.34 earnings per share for the current year.

In other news, Senior Officer Philippa (Pippa) Morgan sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 20th. The stock was sold at an average price of C$35.05, for a total transaction of C$700,948.00.

About Aritzia

Aritzia Inc, together with its subsidiaries, designs and sells apparels and accessories for women in North America. It offers sweatshirts, leggings, blouses, pants, dresses, T-shirts, bodysuits, shorts, skirts, jackets and coats, sweaters, and denims; and accessories, including bralettes and sports bras, hats, bags and pouches, shoes and sneakers, socks and tights, belts, scarves, iPhone cases, and gloves and mittens.

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Analyst Recommendations for Aritzia (TSE:ATZ)

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