Aritzia Inc. (TSE:ATZ) Receives Average Rating of “Buy” from Brokerages

Shares of Aritzia Inc. (TSE:ATZ) have been assigned an average recommendation of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$55.75.

A number of analysts have recently weighed in on ATZ shares. TD Securities cut their target price on Aritzia from C$60.00 to C$58.00 in a research report on Friday, October 11th. Royal Bank of Canada raised shares of Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. CIBC raised their target price on shares of Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th. BMO Capital Markets boosted their target price on shares of Aritzia from C$57.00 to C$60.00 in a research report on Thursday, December 19th. Finally, Stifel Nicolaus increased their price target on shares of Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th.

Insider Activity at Aritzia

In other Aritzia news, Senior Officer Karen Kwan sold 3,800 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$174,800.00. Also, Director Jennifer Wong sold 2,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$92,000.00. In the last three months, insiders have sold 77,300 shares of company stock valued at $3,565,800. 0.94% of the stock is owned by insiders.

Aritzia Price Performance

TSE:ATZ opened at C$53.72 on Monday. 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 cap of C$4.93 billion, a price-to-earnings ratio of 79.00, a P/E/G ratio of 1.19 and a beta of 1.83. Aritzia has a 52 week low of C$24.76 and a 52 week high of C$55.00. The firm’s 50-day simple moving average is C$47.06 and its 200 day simple moving average is C$45.06.

Aritzia (TSE:ATZ) last released its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The business 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%. As a group, sell-side analysts predict that Aritzia will post 1.7771148 earnings per share for the current year.

About Aritzia

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.