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TSE:ATZ

Aritzia Inc. (ATZ.TO)

121.24
-3.50 (2.81%)
as of Oct 6, 2026, 8:00:00 pm Market Open.
403 watching
0
HOLD
Does not own shares in company (has sold). Very strong performer in retail fashion. Larger forces at work will force share price down (inflation and slowing economy). Fashion a consumer discretionary product (not necessary). Worries about over stock in inventory.
TOP PICK
Revenues grew over 38%. New customers are driving topline. Brought in a lot of merchandise to counteract supply issues, so now inventory is high, incurring extra warehousing costs. Management says they're not going to discount inventory. About half of sales from US. Strong e-commerce growth, over 33% of revenues. No dividend. (Analysts’ price target is $61.53)
BUY
For a beginner's TFSA. Stock's done well.
TOP PICK
One of his favourites. Long runway for growth. 68 stores in Canada, but only 44 in the US. Per year, plans to open 8-10 stores in the US plus expand 3-5 stores. E-commerce expected to stay very strong. By 2027, sales could approach 4B from the 2B at end of Feb 2023. Sees it trading in the $65 range next 12 months. One of the best times to buy a retail stock is when it's in early stages in the US. No dividend. (Analysts’ price target is $61.86)
PARTIAL BUY
There is concern with a recession coming but it has had fantastic quarters, has executed well and is expanding. He has seen lots of foot traffic in stores. If buying, start with a small amount.
BUY
Owns shares in the company and believes future of business is good. High end brand name that does well in tough economic times (high income shopper). Currently growing at a high rate. Inflation not impacting sales too much. Well established business within Canada, lots of room for growth in USA.
BUY
Strong business that is best performer on TSX from the past 5 years. Owns large amount of shares in portfolio. Company expanding into the USA with ~17% earnings growth expected. Share valuation is high, but expects growth to continue. Seeing a $80-$90 stock in the next 2 years.
BUY
Very high quality company with large growth in Canada. High multiple on company reflecting quality of business. Expecting growth to continue going forward (15-20% earnings growth). Good long term investment.
BUY
He missed this ride. Great job driving same store sales and growth. Not a bad stock to own. Outperformed expectations, continually beat earnings expectations. Increased post-pandemic outings demand new clothes. RSI has been performing really well in a tough environment, a really good sign. Decent one to own.
BUY
They're just starting to grow in the U.S. where there's a long runway ahead. Already established here. During Covid, they expanded their e-commerce which will help US expansion. Also, they bought a small company centered on men's clothes, so that's another growth opportunity.
BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Founder led. Strong eCommerce and US market growth. Expanding into menswear. Premium valuation justified by growth. Unlock Premium - Try 5i Free

BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.  81% increase in US revenues. Margin pressure expected for 2H22. Strong quarter results. Buyback offers share price support. Unlock Premium - Try 5i Free

TOP PICK
Bought it for its growth. They have over 100 stores, a third of which in the US. The unit growth potential is very strong with lots of room to grow. Are opening 8-10 stores yearly. They're vertically integrated and attract a wide demographic, from ages 15-55. Share are trading under 20x forward PE with the margins depressed during this pullback. The company hasn't seen consumers spend less due to interest rates and inflation, but the market fears this could happen later. (Analysts’ price target is $57.27)
Unspecified
Growth is high and very consistent. It is one of the top names in the sector. The headwind is consumer and discretionary income.
DON'T BUY
Is watching it. Problem is that he doesn't like retail, which is an expensive business. But ATZ has some of the highest revenues per square footage and have been successful for a long time. Is confident in the new CEO. If share price fell to $15-19, then maybe. A quality company, but still doesn't make the cut for him.
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