Aritzia (TSE:ATZ) Price Target Raised to C$68.00

Aritzia (TSE:ATZ) had its price target upped by TD Securities from C$58.00 to C$68.00 in a research note published on Monday,BayStreet.CA reports.

Several other research analysts have also commented on ATZ. Stifel Nicolaus raised their price target on Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. Royal Bank of Canada raised Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. CIBC increased their price target on shares of Aritzia from C$47.00 to C$60.00 in a research report on Friday, October 11th. Finally, BMO Capital Markets raised their price objective on shares of Aritzia from C$57.00 to C$60.00 in a research note on Thursday, December 19th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Aritzia has an average rating of “Moderate Buy” and a consensus price target of C$60.89.

Aritzia Trading Up 0.2 %

Shares of ATZ opened at C$57.04 on Monday. Aritzia has a 12-month low of C$25.32 and a 12-month high of C$59.18. The firm has a market capitalization of C$5.24 billion, a P/E ratio of 83.88, a P/E/G ratio of 1.19 and a beta of 1.83. The firm has a 50-day moving average price of C$48.81 and a 200 day moving average price of C$46.13. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38.

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

Insider Activity

In other news, Senior Officer Karen Kwan sold 3,800 shares of the firm’s stock in a transaction that occurred on 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 20,000 shares of Aritzia stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of C$46.50, for a total value of C$930,000.00. Over the last 90 days, insiders have sold 77,300 shares of company stock valued at $3,565,800. Company insiders own 0.94% of the company’s stock.

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.