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

Shares of Aritzia Inc. (TSE:ATZ) have been assigned an average rating of “Buy” from the seven brokerages that are covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$55.38.

Several research firms have weighed in on ATZ. TD Securities lowered their price objective on shares of Aritzia from C$60.00 to C$58.00 in a research report on Friday, October 11th. Canaccord Genuity Group increased their price objective on shares of Aritzia from C$46.00 to C$52.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Raymond James lifted their price objective on Aritzia from C$43.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Royal Bank of Canada upgraded Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. Finally, CIBC upped their target price on Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th.

Aritzia Price Performance

Aritzia stock opened at C$45.60 on Friday. The firm has a fifty day moving average of C$46.77 and a 200-day moving average of C$41.99. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. Aritzia has a 52-week low of C$22.88 and a 52-week high of C$51.80. The firm has a market capitalization of C$4.19 billion, a P/E ratio of 67.06, a PEG ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last released its 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). The company had revenue of C$615.66 million during the quarter, compared to the consensus estimate of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. As a group, analysts predict that Aritzia will post 1.7771148 EPS for the current year.

Insider Transactions at Aritzia

In related news, Senior Officer Karen Kwan sold 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of C$46.00, for a total transaction of C$230,000.00. 0.94% of the stock is currently owned by 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.