Aritzia Inc. (TSE:ATZ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Aritzia Inc. (TSE:ATZ) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$41.60.

ATZ has been the topic of several recent research reports. TD Securities decreased their price objective on Aritzia from C$45.00 to C$43.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. CIBC upped their price objective on Aritzia from C$37.00 to C$41.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Stifel Nicolaus boosted their target price on Aritzia from C$34.00 to C$42.00 in a research report on Wednesday, April 3rd. Canaccord Genuity Group boosted their target price on Aritzia from C$38.00 to C$40.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Raymond James cut their target price on Aritzia from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd.

Aritzia Stock Up 2.4 %

Shares of ATZ opened at C$37.27 on Thursday. The stock has a market capitalization of C$3.39 billion, a price-to-earnings ratio of 54.01, a price-to-earnings-growth ratio of 1.19 and a beta of 1.84. Aritzia has a 1 year low of C$20.67 and a 1 year high of C$41.25. The business’s 50 day simple moving average is C$34.55 and its 200-day simple moving average is C$33.11. The company has a debt-to-equity ratio of 99.80, a current ratio of 1.40 and a quick ratio of 0.19.

Aritzia (TSE:ATZ) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C$0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.29 by C($0.08). The firm had revenue of C$681.97 million for the quarter, compared to analysts’ expectations of C$681.70 million. Aritzia had a return on equity of 10.55% and a net margin of 3.38%. As a group, equities analysts expect that Aritzia will post 1.7411386 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Aritzia news, Senior Officer David John Maciver sold 173,254 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$36.64, for a total value of C$6,348,026.56. In other Aritzia news, Senior Officer David John Maciver sold 173,254 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$36.64, for a total value of C$6,348,026.56. Also, Senior Officer Karen Kwan sold 1,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$34.00, for a total value of C$34,000.00. In the last ninety days, insiders sold 185,254 shares of company stock worth $6,750,057. 0.55% of the stock is currently owned by company insiders.

About Aritzia

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.