BMO Capital Markets Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its price target hoisted by BMO Capital Markets from C$68.00 to C$80.00 in a research report released on Friday,BayStreet.CA reports.

ATZ has been the topic of several other research reports. CIBC lifted their target price on shares of Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Sunday, January 12th. Royal Bank of Canada boosted their price target on shares of Aritzia from C$65.00 to C$73.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. TD Securities increased their price objective on shares of Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a report on Sunday, January 12th. Stifel Nicolaus boosted their target price on Aritzia from C$66.00 to C$70.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Canaccord Genuity Group upped their price target on Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a research report on Sunday, January 12th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Aritzia has a consensus rating of “Moderate Buy” and an average target price of C$68.22.

Aritzia Stock Performance

TSE ATZ opened at C$68.63 on Friday. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The stock’s 50 day simple moving average is C$61.58 and its 200-day simple moving average is C$51.31. The company has a market cap of C$8.19 billion, a PE ratio of 60.30, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. Aritzia has a 1-year low of C$31.82 and a 1-year high of C$73.44.

Insider Activity

In other news, Director Jennifer Wong sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$46.00, for a total value of C$920,000.00. Also, Senior Officer Karen Kwan sold 29,966 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of C$65.96, for a total transaction of C$1,976,557.36. Insiders have sold a total of 76,298 shares of company stock valued at $4,721,028 in the last quarter. 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.