Insider Selling: Aritzia Inc. (TSE:ATZ) Director Sells 20,000 Shares of Stock

Aritzia Inc. (TSE:ATZ) Director Jennifer Wong sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$46.00, for a total value of C$920,000.00.

Jennifer Wong also recently made the following trade(s):

• On Wednesday, November 13th, Jennifer Wong sold 20,000 shares of Aritzia stock. The shares were sold at an average price of C$46.50, for a total transaction of C$930,000.00.
• On Monday, November 11th, Jennifer Wong sold 20,000 shares of Aritzia stock. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00.
• On Friday, November 8th, Jennifer Wong sold 2,000 shares of Aritzia stock. The shares were sold at an average price of C$46.00, for a total value of C$92,000.00.

Aritzia Price Performance

Shares of ATZ traded up C$0.48 on Friday, hitting C$43.81. The company’s stock had a trading volume of 533,810 shares, compared to its average volume of 356,120. The company has a 50 day moving average price of C$46.65 and a 200 day moving average price of C$42.69. The company has a market capitalization of C$4.02 billion, a PE ratio of 63.72, a PEG ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19. Aritzia Inc. has a fifty-two week low of C$22.88 and a fifty-two week high of C$51.80.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. TD Securities reduced their target price on Aritzia from C$60.00 to C$58.00 in a research note on Friday, October 11th. Stifel Nicolaus increased their price objective on shares of Aritzia from C$50.00 to C$58.00 in a report on Friday, October 11th. Canaccord Genuity Group boosted their price target on Aritzia from C$46.00 to C$52.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. BMO Capital Markets boosted their target price on Aritzia from C$52.00 to C$57.00 in a report on Friday, October 11th. Finally, CIBC boosted their target price on shares of Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$55.38.

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.