Aritzia (TSE:ATZ) Price Target Raised to C$57.00 at BMO Capital Markets

Aritzia (TSE:ATZ) had its target price hoisted by BMO Capital Markets from C$52.00 to C$57.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

Several other research analysts have also recently commented on the company. Stifel Nicolaus increased their price target on Aritzia from C$50.00 to C$58.00 in a research report on Friday. Royal Bank of Canada increased their price objective on Aritzia from C$47.00 to C$56.00 and gave the company a sector perform rating in a report on Wednesday, October 2nd. TD Securities lowered their target price on shares of Aritzia from C$60.00 to C$58.00 in a report on Friday. CIBC increased their price target on shares of Aritzia from C$47.00 to C$60.00 in a research note on Friday. Finally, Canaccord Genuity Group boosted their price objective on shares of Aritzia from C$46.00 to C$52.00 and gave the stock a buy rating in a research note on Monday, July 29th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of C$55.38.

Aritzia Price Performance

Shares of ATZ opened at C$47.20 on Friday. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. The firm has a market capitalization of C$4.33 billion, a PE ratio of 69.41, a P/E/G ratio of 1.19 and a beta of 1.83. The stock has a 50 day simple moving average of C$46.60 and a 200 day simple moving average of C$40.70. Aritzia has a 52-week low of C$20.67 and a 52-week high of C$51.80.

Aritzia (TSE:ATZ) last released its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.02). The firm had revenue of C$615.66 million during the quarter, compared to analyst estimates of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. Sell-side analysts predict that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Karen Kwan sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of C$47.70, for a total transaction of C$477,000.00. In related news, Senior Officer Karen Kwan sold 10,000 shares of the business’s 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 Aritzia stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total value of C$563,450.00. Insiders own 0.94% of the company’s stock.

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.