TD Securities Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its target price upped by investment analysts at TD Securities from C$58.00 to C$68.00 in a research report issued on Monday,BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 15.47% from the company’s previous close.

A number of other research analysts have also recently weighed in on the company. CIBC raised their price target on Aritzia from C$47.00 to C$60.00 in a research report on Friday, October 11th. Royal Bank of Canada upgraded Aritzia from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 31st. Stifel Nicolaus upped their price objective on Aritzia from C$50.00 to C$58.00 in a research note on Friday, October 11th. Finally, BMO Capital Markets boosted their target price on shares of Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Aritzia presently has an average rating of “Buy” and an average target price of C$57.89.

Aritzia Stock Performance

ATZ traded up C$1.29 during midday trading on Monday, reaching C$58.89. The company had a trading volume of 533,226 shares, compared to its average volume of 580,559. The business has a 50-day moving average of C$48.24 and a two-hundred day moving average of C$45.85. Aritzia has a 1 year low of C$24.96 and a 1 year high of C$59.18. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. The company has a market cap of C$5.41 billion, a P/E ratio of 86.60, a P/E/G ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.02). The company had revenue of C$615.66 million for the quarter, compared to analyst estimates of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. As a group, equities research analysts predict that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jennifer Wong sold 2,000 shares of Aritzia stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total transaction of C$92,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total transaction of C$174,800.00. Insiders sold 77,300 shares of company stock worth $3,565,800 in the last quarter. Corporate insiders own 0.94% of the company’s stock.

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.