Aritzia (TSE:ATZ) Price Target Raised to C$65.00

Aritzia (TSE:ATZ) had its target price lifted by Royal Bank of Canada from C$56.00 to C$65.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

ATZ has been the subject of several other research reports. TD Securities boosted their target price on Aritzia from C$58.00 to C$68.00 in a research report on Monday. Canaccord Genuity Group boosted their price objective on Aritzia from C$56.00 to C$62.00 in a report on Monday. Stifel Nicolaus increased their target price on Aritzia from C$58.00 to C$66.00 in a research note on Tuesday. CIBC boosted their target price on shares of Aritzia from C$60.00 to C$63.00 in a research note on Monday. Finally, BMO Capital Markets raised their price target on shares of Aritzia from C$57.00 to C$60.00 in a research note on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$61.44.

Aritzia Trading Down 0.1 %

Shares of ATZ stock opened at C$56.99 on Tuesday. The company has a market cap of C$5.23 billion, a PE ratio of 83.81, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. Aritzia has a 1 year low of C$26.13 and a 1 year high of C$59.18. The stock’s 50 day simple moving average is C$49.09 and its two-hundred day simple moving average is C$46.20. 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 posted its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.02). The firm had revenue of C$615.66 million for 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%. Research analysts predict that Aritzia will post 1.7771148 earnings per share for the current year.

Insider Buying and Selling

In other news, Senior Officer Karen Kwan sold 3,800 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were 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 Monday, November 11th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. Insiders sold a total of 77,300 shares of company stock valued at $3,565,800 over the last three months. 0.94% of the stock is 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.