BMO Capital Markets Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ) had its price target raised by stock analysts at BMO Capital Markets from C$57.00 to C$60.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 18.18% from the company’s current price.

Other analysts have also recently issued reports about the stock. CIBC lifted their target price on shares of Aritzia from C$47.00 to C$60.00 in a research note on Friday, October 11th. Royal Bank of Canada upgraded Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. Stifel Nicolaus lifted their price target on Aritzia from C$50.00 to C$58.00 in a research note on Friday, October 11th. Finally, TD Securities cut their price target on shares of Aritzia from C$60.00 to C$58.00 in a report on Friday, October 11th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Aritzia presently has a consensus rating of “Buy” and a consensus price target of C$55.75.

Aritzia Trading Up 0.1 %

Shares of ATZ traded up C$0.04 during mid-day trading on Thursday, reaching C$50.77. 134,009 shares of the company’s stock traded hands, compared to its average volume of 353,632. Aritzia has a 12 month low of C$24.76 and a 12 month high of C$52.74. The stock has a market cap of C$4.66 billion, a P/E ratio of 74.66, a P/E/G ratio of 1.19 and a beta of 1.83. The stock’s 50-day moving average is C$46.53 and its two-hundred day moving average is C$44.25. 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 (TSE:ATZ) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of C$581.10 million. Research analysts forecast that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insider Transactions at Aritzia

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

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.