Aritzia (ATZ) Received its Third Buy in a Row

Analysts seem to be optimistic about Aritzia (ATZResearch Report) lately, as after Robert W. Baird and TD Securities rated the stock a Buy this past month, there is another positive note, this time from BMO Capital. Analyst Stephen Macleod rated Aritzia (ATZResearch Report) a Buy today, setting a C$21 price target.

According to TipRanks.com, Macleod is ranked #688 out of 5142 analysts.

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Currently, the analyst consensus on Aritzia is a Strong Buy with an average price target of C$20.67, a 21.1% upside from current levels. In a report issued on January 7, TD Securities also maintained a Buy rating on the stock with a C$21 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$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 Friday at C$17.07.

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