In a latest note to investors, a research analyst has provided a rating update for the Aritzia (ATZ). Yesterday, analyst Mark Altschwager gave a Buy rating to ATZ and set a C$20 price target.
According to TipRanks.com, Altschwager is a 4-star analyst with an average return of 4.3% and a 40.3% success rate. Altschwager covers the Services sector, focusing on stocks such as Abercrombie Fitch, Urban Outfitters, and Ulta Beauty Inc.
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Currently, the analyst consensus on Aritzia is a Strong Buy with an average price target of C$21.33.
Based on Aritzia’s latest earnings release for the quarter ending August 31, the company reported a quarterly net profit of C$15.12 million. In comparison, last year the company had a net profit of C$28.07 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 Monday at C$16.40.
