Aritzia Inc.

TSX:ATZ Stock Report

Market Cap: CA$16.4b

Aritzia Future Growth

Future criteria checks 5/6

Aritzia is forecast to grow earnings and revenue by 23.3% and 15.9% per annum respectively. EPS is expected to grow by 23.5% per annum. Return on equity is forecast to be 30.9% in 3 years.

Key information

23.3%

Earnings growth rate

23.46%

EPS growth rate

Specialty Retail earnings growth20.7%
Revenue growth rate15.9%
Future return on equity30.94%
Analyst coverage

Good

Last updated05 May 2026

Recent future growth updates

Analysis Article • Jan 11

Results: Aritzia Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

As you might know, Aritzia Inc. ( TSE:ATZ ) just kicked off its latest third-quarter results with some very strong...

Recent updates

Narrative Update • May 01

ATZ: Future P/E Repricing And Execution Will Shape Fairly Valued Outlook

Analysts have nudged their fair value estimate for Aritzia slightly higher to CA$151.64 from CA$151.54, citing refreshed views on growth, profitability and P/E assumptions following recent bullish research, including a CA$8 price target increase and a new positive initiation. Analyst Commentary Bullish analysts are signaling greater confidence in Aritzia, reflected in both the refreshed fair value estimate and the recent CA$8 increase in one published price target, as well as a new positive initiation.
Narrative Update • Apr 17

ATZ: Equity Raise And Margin Execution Will Support Stronger Long Term Earnings Power

Analysts have kept their CA$168.00 price target for Aritzia unchanged, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E following recent bullish research coverage from the Street. Analyst Commentary Bullish analysts are leaning into a constructive view on Aritzia, using updated assumptions around discount rates, revenue growth, profit margins, and future P/E to justify keeping the CA$168.00 target in place following recent positive research coverage.
Narrative Update • Apr 03

ATZ: Higher Margin Outlook And Store Expansion Will Support Future Upside Potential

Aritzia's analyst price target has been nudged higher, with the fair value estimate moving from CA$151.42 to CA$151.54 as analysts factor in updated targets in the CA$135 to CA$155 range and refine assumptions around growth, profitability and P/E expectations. Analyst Commentary Bullish analysts have clustered their updated price targets for Aritzia in a relatively tight CA$135 to CA$155 range, suggesting a shared view of where valuation could reasonably sit if current assumptions around growth and profitability hold.
Narrative Update • Mar 20

ATZ: Higher Margin Execution Will Support Stronger Long Term Earnings Power

Aritzia's analyst price target has been raised to a range of CA$135 to CA$155, with analysts citing their updated assumptions for revenue growth, profit margins and forward P/E as key support for the higher valuations. Analyst Commentary Street research on Aritzia is skewed toward higher valuation ranges, with several bullish analysts lifting their price targets into the CA$135 to CA$155 band.
Narrative Update • Mar 05

ATZ: Higher Margin Outlook Will Support Stronger Long Term Earnings Power

Aritzia's fair value estimate has been raised from CA$150.0 to CA$168.0, reflecting analysts' higher price targets, including recent moves to CA$148 to CA$155. This change also incorporates updated assumptions for slightly stronger revenue growth, modestly higher profit margins, and a lower future P/E multiple.
Narrative Update • Feb 19

ATZ: Higher P/E Expectations Will Shape Future Returns At Current Levels

Aritzia's analyst price targets have moved higher into the CA$135 to CA$155 range, as analysts factor in updated assumptions for revenue growth, profit margins, and valuation multiples. Analyst Commentary Recent research updates cluster Aritzia's price targets in the CA$135 to CA$155 range, with several firms reiterating positive ratings while revisiting their assumptions.
Narrative Update • Feb 05

ATZ: Higher P/E Expectations Will Shape Future Upside Potential

Aritzia's fair value estimate has been revised higher to C$128.92 from C$64.00, reflecting analysts' higher price targets in the C$148 to C$155 range and updated assumptions for revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent Street research on Aritzia reflects a cluster of higher price targets in the C$132 to C$155 range, paired with generally positive ratings such as Buy and Outperform.
Narrative Update • Jan 22

ATZ: Higher Margin Outlook And Store Expansion Will Drive Medium-Term Returns

Aritzia's fair value estimate has been revised from C$107.00 to about C$151.42, reflecting analysts' higher price targets in the C$148 to C$155 range and updated views on the company's revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent research updates cluster around higher price targets for Aritzia, with several bullish analysts revising their views on what they see as a fair value range for the shares.
Analysis Article • Jan 11

Results: Aritzia Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

As you might know, Aritzia Inc. ( TSE:ATZ ) just kicked off its latest third-quarter results with some very strong...
Narrative Update • Jan 08

ATZ: Fair Value Outlook Will Reflect Higher Margin And Brand Momentum

Aritzia's analyst price target has been raised from C$136 to C$150, as analysts factor in updated assumptions for revenue growth, profit margins and future P/E, along with a series of recent target increases across the Street. Analyst Commentary Bullish analysts have been steadily lifting their price targets on Aritzia, with a series of revisions that cluster in the C$100 to C$135 range and extend up to C$150.
Analysis Article • Jan 05

We Ran A Stock Scan For Earnings Growth And Aritzia (TSE:ATZ) Passed With Ease

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Narrative Update • Dec 19

ATZ: Fair Value Outlook Will Reflect Strengthening Brand Momentum

Aritzia's fair value estimate has been raised from about C$93 to C$136, reflecting analysts' increasingly optimistic outlook on the retailer's revenue growth potential and their willingness to assign a higher future earnings multiple, as evidenced by a series of upward price target revisions across the Street. Analyst Commentary Bullish analysts have steadily lifted their price targets on Aritzia in recent weeks, underscoring growing conviction that the company can deliver above consensus revenue growth and margin expansion.
Analysis Article • Dec 09

Investors Still Waiting For A Pull Back In Aritzia Inc. (TSE:ATZ)

Aritzia Inc.'s ( TSE:ATZ ) price-to-earnings (or "P/E") ratio of 46.5x might make it look like a strong sell right now...
Narrative Update • Dec 05

ATZ: Margin Durability And Store Expansion Will Shape Medium-Term Return Profile

Aritzia's analyst price target has climbed to C$116 from C$94, as analysts highlight the retailer's resilient growth outlook, solid margin profile, and supportive valuation multiple. Analyst Commentary Bullish analysts have steadily lifted their targets over recent weeks, pointing to a combination of robust demand trends, disciplined cost control, and growing confidence in management's ability to execute on its long term growth plan.
Narrative Update • Nov 21

ATZ: Continued Revenue Momentum And Market Confidence Will Steady Medium-Term Returns

Aritzia’s fair value price target has increased from C$100.91 to C$107.00. Analysts cite recent upward revisions to target prices and continued positive outlooks on the company’s growth prospects.
Narrative Update • Nov 06

ATZ: Continued Double-Digit Sales Gains Will Shape Near-Term Performance

Aritzia’s analyst price target has increased from approximately C$99 to C$101, as analysts cite strengthening growth prospects and resilient performance according to recent research updates. Analyst Commentary Recent updates from Street research indicate a trend of rising optimism among analysts covering Aritzia.
Narrative Update • Oct 23

Analyst Optimism Fuels Higher Price Targets for Aritzia Amid Upbeat Growth Outlook

Aritzia’s analyst price target has recently increased from approximately C$95.27 to C$98.73, as analysts point to ongoing optimism. This sentiment is supported by raised targets from several research firms and continued positive outlook on the company’s growth potential.
Analysis Article • Oct 16

There May Be Underlying Issues With The Quality Of Aritzia's (TSE:ATZ) Earnings

Unsurprisingly, Aritzia Inc.'s ( TSE:ATZ ) stock price was strong on the back of its healthy earnings report. However...
Narrative Update • Oct 09

I Anticipate That US Expansion And Digital Initiatives Will Strengthen Market Position

Aritzia's analyst price target has increased notably, rising from approximately C$93.36 to C$95.27. Analysts cited sustained revenue growth and confidence in the company's digital expansion and profitability outlook as key reasons for this adjustment.
Narrative Update • Sep 25

I Anticipate That US Expansion And Digital Initiatives Will Strengthen Market Position

Analysts have raised Aritzia’s price target to CA$93.36 on confidence in its strong growth prospects, resilient demand, and operational execution, despite macroeconomic challenges. Analyst Commentary Bullish analysts cite Aritzia’s strong positioning to outperform expectations, even amid challenging macroeconomic conditions.
Analysis Article • Sep 02

Is Aritzia Inc. (TSE:ATZ) Potentially Undervalued?

Aritzia Inc. ( TSE:ATZ ), is not the largest company out there, but it received a lot of attention from a substantial...
Analysis Article • Aug 08

Returns At Aritzia (TSE:ATZ) Are On The Way Up

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
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New Narrative • Jan 19

I Anticipate That US Expansion And Digital Initiatives Will Strengthen Market Position

Aritzia's U.S. expansion and new boutique openings promise substantial revenue growth and increased brand awareness.

Earnings and Revenue Growth Forecasts

TSX:ATZ - Analysts future estimates and past financials data (CAD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
2/29/20284,88957945182110
2/28/20274,25944559576215
2/28/20263,66136243062715
11/30/20253,411347487761N/A
8/31/20253,099282326619N/A
6/1/20252,903234268544N/A
3/2/20252,738208179456N/A
12/1/20242,525132152397N/A
9/1/20242,450101218423N/A
6/2/20242,36877143344N/A
3/3/20242,33279182359N/A
11/26/20232,2889299269N/A
8/27/20232,259120-15143N/A
5/28/20232,250172-24111N/A
2/26/20232,196188-5175N/A
11/27/20222,002184-4065N/A
8/28/20221,83117964159N/A
5/29/20221,656172221303N/A
2/27/20221,495157271338N/A
11/28/20211,318139279337N/A
8/29/20211,143104172220N/A
5/30/20219936480127N/A
2/28/20218571975126N/A
11/29/202086525123174N/A
8/30/202085429140192N/A
5/31/202089548154205N/A
3/1/202098191174222N/A
12/1/201996488116167N/A
9/1/201994085N/A139N/A
6/2/201990483N/A112N/A
3/3/201987479N/A96N/A
11/25/201883576N/A142N/A
8/26/201879771N/A124N/A
5/27/201876561N/A136N/A
2/25/201874357N/A105N/A
11/26/201772053N/A97N/A
8/27/201770217N/A94N/A
5/28/2017686-56N/A93N/A
2/26/2017667-56N/A112N/A
11/27/2016638-58N/A91N/A
8/28/2016607-34N/A70N/A
5/29/201657138N/A67N/A
2/28/201654232N/A58N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATZ's forecast earnings growth (23.3% per year) is above the savings rate (3%).

Earnings vs Market: ATZ's earnings (23.3% per year) are forecast to grow faster than the Canadian market (10.8% per year).

High Growth Earnings: ATZ's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ATZ's revenue (15.9% per year) is forecast to grow faster than the Canadian market (4.9% per year).

High Growth Revenue: ATZ's revenue (15.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ATZ's Return on Equity is forecast to be high in 3 years time (30.9%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/06 08:12
End of Day Share Price 2026/05/06 00:00
Earnings2025/11/30
Annual Earnings2025/03/02

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Aritzia Inc. is covered by 20 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark AltschwagerBaird
Stephen MacLeodBMO Capital Markets Equity Research
null nullBMO Capital Markets Equity Research