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Aritzia (ATZ) Gets a Buy Rating from Canaccord Genuity


In a new note to investors yesterday, an analyst has provided a rating update for the Services sector company, Aritzia (TSX: ATZ). The company received a Buy rating from Canaccord Genuity’s analyst Camilo Lyon, with a C$21 price target.

According to TipRanks.com, Lyon is a 3-star analyst with an average return of 1.2% and a 46.4% success rate. Lyon covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, Deckers Outdoor, and Steven Madden.

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Aritzia has an analyst consensus of Strong Buy, with a price target consensus of C$21.29.

Based on Aritzia’s latest earnings release for the quarter ending May 31, the company reported a quarterly net profit of C$12.29 million. In comparison, last year the company had a net profit of C$4.99 million.

Aritzia, Inc. is a design house and fashion retailer, which designs apparels and accessories for its collection sold under the Aritzia brand. It operates through Canada and United States geographical segmentsThe company was founded by Brian Hill in 1984 and is headquartered in Vancouver, Canada.

The company’s shares closed on Thursday at C$16.15.