Just Released: The 5 Best Stocks to Buy in September 2022 [PREMIUM PICKS]

Premium content from Motley Fool Stock Advisor Canada “Best Buys Now” Pick #1: Aritzia (TSX:ATX) Women’s fashion boutique Aritzia (TSX:ATZ) is …

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Women's fashion boutique Aritzia is a top stock to buy in September 2022.

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Premium content from Motley Fool Stock Advisor Canada

“Best Buys Now” Pick #1:

Aritzia (TSX:ATX)

Women’s fashion boutique Aritzia (TSX:ATZ) is becoming one of the world’s premier brands.

Founder and Executive Chairman Brian Hill remains engaged in building out Aritzia’s real estate footprint, positioning the company for continued growth in the United States. Historically, the business has grown revenue at a roughly 20% compound annual growth rate (CAGR), which it is likely to continue in 2022: full-year guidance calls for 25-27% revenue growth.

With no debt (excluding leases) on the balance sheet and robust free cash flow, the company is deploying cash toward share repurchases for the first time in three years. In fact, on its July 7th earnings call, CFO Todd Ingledew said that Aritzia was increasing its pace of share repurchases “given market conditions.”

More than the financial results, though, it’s clear that the brand is resonating with customers — the company is making the rounds on TikTok videos.

As Aritzia continues to get “more famous” across North America (and likely across the world), we think customer enthusiasm will translate to robust business results for years to come. Consider buying shares and joining the ride!

The Motley Fool recommends Aritzia.

“Best Buys Now” Pick #2:

Redacted

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This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

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