Canaccord Genuity Group Raises Aritzia (TSE:ATZ) Price Target to C$46.00

Aritzia (TSE:ATZ) had its price target hoisted by investment analysts at Canaccord Genuity Group from C$42.00 to C$46.00 in a research note issued on Friday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would suggest a potential downside of 3.34% from the stock’s previous close.

A number of other research firms also recently weighed in on ATZ. TD Securities raised their price target on shares of Aritzia from C$46.00 to C$50.00 in a report on Friday. UBS Group boosted their price objective on shares of Aritzia from C$53.00 to C$54.00 in a research note on Friday. CIBC lifted their target price on shares of 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 upped their price target on shares of Aritzia from C$42.00 to C$50.00 and gave the company a “buy” rating in a report on Friday. Finally, Raymond James dropped their price objective on Aritzia from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$46.67.

Aritzia Trading Up 14.6 %

Shares of TSE:ATZ traded up C$6.08 during mid-day trading on Friday, hitting C$47.59. The stock had a trading volume of 1,057,033 shares, compared to its average volume of 362,915. The company has a market cap of C$4.33 billion, a PE ratio of 68.91, a P/E/G ratio of 1.19 and a beta of 1.84. The company’s 50 day moving average is C$36.39 and its 200-day moving average is C$35.10. The company has a debt-to-equity ratio of 99.80, a quick ratio of 0.19 and a current ratio of 1.40. Aritzia has a 12-month low of C$20.67 and a 12-month high of C$47.76.

Aritzia (TSE:ATZ) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$0.21 EPS for the quarter, missing the consensus estimate of C$0.29 by C($0.08). The company had revenue of C$681.97 million for the quarter, compared to analyst estimates of C$681.70 million. Aritzia had a return on equity of 10.55% and a net margin of 3.38%. On average, sell-side analysts predict that Aritzia will post 1.7411386 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer David John Maciver sold 173,254 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$36.64, for a total transaction of C$6,348,026.56. In other news, Senior Officer Karen Kwan sold 1,000 shares of the firm’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. Also, Senior Officer David John Maciver sold 173,254 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$36.64, for a total value of C$6,348,026.56. Insiders sold 185,254 shares of company stock worth $6,750,057 in the last quarter. 0.55% of the stock is owned by corporate 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.