Royal Bank of Canada Upgrades Aritzia (TSE:ATZ) to “Outperform”

Aritzia (TSE:ATZ) was upgraded by investment analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued on Thursday, BayStreet.CA reports.

A number of other equities analysts have also recently weighed in on ATZ. TD Securities decreased their price target on Aritzia from C$60.00 to C$58.00 in a report on Friday, October 11th. Stifel Nicolaus raised their price target on shares of Aritzia from C$50.00 to C$58.00 in a report on Friday, October 11th. CIBC lifted their price target on shares of Aritzia from C$47.00 to C$60.00 in a research note on Friday, October 11th. BMO Capital Markets upped their price objective on shares of Aritzia from C$52.00 to C$57.00 in a research report on Friday, October 11th. Finally, Canaccord Genuity Group raised their target price on Aritzia from C$46.00 to C$52.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$55.38.

Aritzia Trading Up 0.5 %

Shares of Aritzia stock traded up C$0.23 during trading hours on Thursday, hitting C$44.84. The company’s stock had a trading volume of 220,196 shares, compared to its average volume of 360,586. 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 company has a market capitalization of C$4.12 billion, a PE ratio of 65.96, a P/E/G ratio of 1.19 and a beta of 1.83. The business has a fifty day moving average of C$46.84 and a 200 day moving average of C$41.48. Aritzia has a 1-year low of C$20.67 and a 1-year high of C$51.80.

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