TD Securities Remains a Buy on Aritzia (ATZ)

By Jason Carr

In a new note to investors today, an analyst has provided a rating update for the Services sector company, Aritzia (ATZResearch Report). The company received a Buy rating from TD Securities’ analyst Meaghen Annett, with a C$21 price target.

Annett has an average return of 5.7% when recommending Aritzia.

According to TipRanks.com, Annett is ranked #1649 out of 5120 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Aritzia with a C$20.50 average price target, representing a 31.2% upside. In a report issued on December 31, Robert W. Baird also reiterated a Buy rating on the stock with a C$20 price target.

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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$15.62.