Aritzia Gets a Buy Rating from RBC Capital

By Jason Carr

In a new note to investors on June 27, an analyst has provided a rating update for the Services sector company, Aritzia (TSX: ATZ). On June 27, analyst Irene Nattel gave a Buy rating to ATZ and set a C$21 price target.

According to TipRanks.com, Nattel is a 4-star analyst with an average return of 5.8% and a 57.3% success rate. Nattel covers the Services sector, focusing on stocks such as Alimentation Couche Tard, Casey’s General, and The Pantry.

Aritzia has an analyst consensus of Strong Buy, with a price target consensus of C$22.80.

Based on Aritzia’s latest earnings report for the quarter ending February 28, the company posted quarterly revenue of C$196 million and quarterly net profit of C$11.53 million. In comparison, last year the company earned revenue of C$126 million and had a net profit of C$7.75 million.

Aritzia, Inc. operates as a design house and a fashion retailer. It designs apparels and accessories for its collection sold under the Aritzia brand. It offers broad range of style preferences and lifestyle requirements. The company was founded by Brian Hill in 1984 and is headquartered in Vancouver, Canada.

The company’s shares closed on Wednesday at $14.85.