Aritzia (ATZ) Received its Third Buy in a Row


Analysts seem to be feeling optimistic about Aritzia (ATZ) lately, with another positive rating update this time from Canaccord Genuity. Canaccord Genuity’s analyst Camilo Lyon reiterates their Buy rating on the shares, with a C$23 price target.

According to TipRanks.com, Lyon is a 1-star analyst with an average return of -0.9% and a 45.0% success rate. Lyon covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, The Lovesac Company, and Deckers Outdoor.

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Aritzia has an analyst consensus of Moderate Buy, with a price target consensus of C$21.75, which is a 28.1% upside from current levels. In a report issued on March 13, RBC Capital also reiterated a Buy rating on the stock with a C$23 price target.

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Based on Aritzia’s latest earnings release for the quarter ending November 30, the company reported a quarterly net profit of C$32.6 million. In comparison, last year the company had a net profit of C$15.9 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$16.98.

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