Aritzia (TSE:ATZ) Rating Increased to Outperform 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, BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus lifted their price objective on Aritzia from C$50.00 to C$58.00 in a research note on Friday, October 11th. Canaccord Genuity Group boosted their price target on shares of Aritzia from C$46.00 to C$52.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Raymond James increased their price target on shares of Aritzia from C$43.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. UBS Group lifted their price objective on shares of Aritzia from C$53.00 to C$54.00 in a report on Friday, July 12th. Finally, BMO Capital Markets raised their price target on shares of Aritzia from C$52.00 to C$57.00 in a research report on Friday, October 11th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$55.38.

Aritzia Stock Performance

Aritzia stock opened at C$44.83 on Thursday. The firm has a 50 day simple moving average of C$46.84 and a 200-day simple moving average of C$41.48. The stock has a market cap of C$4.12 billion, a price-to-earnings ratio of 65.94, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. 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 has a 1-year low of C$20.67 and a 1-year high of C$51.80.

Aritzia (TSE:ATZ) last issued its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 9.84% and a net margin of 3.26%. On average, analysts expect that Aritzia will post 1.7771148 EPS for the current year.

Aritzia Company Profile

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.