Aritzia Inc. (TSE:ATZ) Receives C$55.38 Consensus Target Price from Brokerages

Shares of Aritzia Inc. (TSE:ATZ) have been assigned an average recommendation of “Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is C$55.38.

A number of equities analysts have issued reports on ATZ shares. Stifel Nicolaus raised their price target on shares of Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. TD Securities reduced their target price on shares of Aritzia from C$60.00 to C$58.00 in a report on Friday, October 11th. BMO Capital Markets upped their price target on shares of Aritzia from C$52.00 to C$57.00 in a report on Friday, October 11th. Royal Bank of Canada upgraded Aritzia from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 31st. Finally, CIBC boosted their price objective on Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th.

Insider Activity

In other news, Director Jennifer Wong sold 20,000 shares of the 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 transaction of C$920,000.00. Also, Senior Officer Karen Kwan sold 6,500 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of C$46.00, for a total transaction of C$299,000.00. Insiders have sold 77,300 shares of company stock worth $3,565,800 in the last ninety days. Company insiders own 0.94% of the company’s stock.

Aritzia Price Performance

TSE ATZ opened at C$49.01 on Thursday. The company has a market cap of C$4.50 billion, a price-to-earnings ratio of 72.07, 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. The stock’s fifty day moving average price is C$46.51 and its 200 day moving average price is C$43.11. Aritzia has a 1 year low of C$22.88 and a 1 year high of C$51.80.

Aritzia (TSE:ATZ) last posted its quarterly earnings results 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). Aritzia had a net margin of 3.26% and a return on equity of 9.84%. The firm had revenue of C$615.66 million for the quarter, compared to analysts’ expectations of C$581.10 million. As a group, equities research analysts forecast that Aritzia will post 1.7771148 earnings per share for the current year.

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.