Aritzia (TSE:ATZ) Upgraded at 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 research report released on Thursday morning, MarketBeat reports.

Other equities analysts have also recently issued reports about the stock. TD Securities reduced their price objective on shares of Aritzia from C$60.00 to C$58.00 in a research report on Friday, October 11th. CIBC upped their price target on shares of Aritzia from C$47.00 to C$60.00 in a research report on Friday, October 11th. Stifel Nicolaus lifted their price objective on Aritzia from C$50.00 to C$58.00 in a report on Friday, October 11th. Canaccord Genuity Group increased their target price on Aritzia from C$46.00 to C$52.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Raymond James raised their target price on Aritzia from C$43.00 to C$48.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$55.38.

Aritzia Price Performance

Shares of Aritzia stock opened at C$45.60 on Thursday. The firm has a market cap of C$4.19 billion, a PE ratio of 67.06, a P/E/G ratio of 1.19 and a beta of 1.83. Aritzia has a twelve month low of C$20.81 and a twelve month high of C$51.80. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. The business has a 50-day moving average price of C$46.86 and a 200 day moving average price of C$41.59.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 EPS for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The business had revenue of C$615.66 million during the quarter, compared to analysts’ expectations of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. Sell-side analysts predict 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.