TD Securities Boosts Aritzia (TSE:ATZ) Price Target to C$60.00

Aritzia (TSE:ATZ) had its price objective raised by TD Securities from C$50.00 to C$60.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts also recently issued reports about the stock. BMO Capital Markets raised their price target on shares of Aritzia from C$50.00 to C$52.00 in a report on Friday, July 12th. Royal Bank of Canada lifted their price objective on Aritzia from C$47.00 to C$56.00 and gave the company a sector perform rating in a research note on Wednesday. Stifel Nicolaus upped their target price on Aritzia from C$42.00 to C$50.00 and gave the stock a buy rating in a research note on Friday, July 12th. UBS Group lifted their price target on Aritzia from C$53.00 to C$54.00 in a research report on Friday, July 12th. Finally, CIBC upped their price objective on shares of Aritzia from C$41.00 to C$47.00 and gave the stock an outperform rating in a research report on Monday, July 15th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Aritzia has an average rating of Moderate Buy and a consensus target price of C$52.38.

Aritzia Price Performance

Shares of TSE ATZ opened at C$51.24 on Thursday. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. Aritzia has a fifty-two week low of C$20.67 and a fifty-two week high of C$51.80. The stock has a market cap of C$4.71 billion, a PE ratio of 75.35, a price-to-earnings-growth ratio of 1.19 and a beta of 1.82. The stock has a fifty day moving average of C$46.09 and a 200-day moving average of C$40.26.

Aritzia (TSE:ATZ) last posted its earnings results on Thursday, July 11th. The company reported C$0.16 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.03. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. The business had revenue of C$498.63 million during the quarter, compared to analyst estimates of C$487.16 million. Equities research analysts anticipate that Aritzia will post 1.8012959 earnings per share for the current year.

Insider Activity at Aritzia

In other news, Director Jennifer Wong sold 11,800 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of C$47.75, for a total value of C$563,450.00. In related news, Senior Officer Karen Kwan sold 10,000 shares of Aritzia stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total value of C$477,000.00. Also, Director Jennifer Wong sold 11,800 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of C$47.75, for a total transaction of C$563,450.00. 0.94% of the stock is currently owned by insiders.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs, develops, and sells apparels and accessories for women in the United States and Canada. The company offers activewear, blazers and suiting, bodysuits, denim, dresses, jackets and coats, jumpsuits and rompers, leggings and bike shorts, pants, shirts and blouses, shorts, skirts, sweaters, and sweatpants, sweatshirts, hoodies, and sweats, as well as t-shirts, tops, intimates, bra tops, leaotards.