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ATZAF - Aritzia: Q4 Earnings Prove Growth Is Still On The Menu
Aritzia
Aritzia Inc. reported strong Q4 earnings last week and forecasted 20% top line growth this coming year.
Their U.S. expansion continues to drive growth and support an elevated valuation.
Founder and CEO Brian Hill is stepping down and being replaced by COO Jennifer Wong.
Price Target of $60 ($46 USD) within 18 months is supported by accelerating growth in the U.S., margin improvements, and a sophisticated omni-channel plan. Figures in CAD unless otherwise noted.