Aritzia (TSE:ATZ) Price Target Raised to C$75.00

Aritzia (TSE:ATZ) had its price objective boosted by TD Securities from C$68.00 to C$75.00 in a note issued to investors on Sunday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 10.52% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus boosted their price target on shares of Aritzia from C$58.00 to C$66.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Royal Bank of Canada boosted their price objective on Aritzia from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. BMO Capital Markets raised their target price on shares of Aritzia from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a report on Thursday. Canaccord Genuity Group lifted their target price on shares of Aritzia from C$56.00 to C$62.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Raymond James downgraded shares of Aritzia from an “outperform” rating to a “market perform” rating and upped their price target for the company from C$52.50 to C$58.00 in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$64.44.

Aritzia Stock Performance

Shares of ATZ opened at C$67.86 on Friday. The firm has a fifty day moving average of C$49.86 and a 200-day moving average of C$46.57. The company has a market cap of C$6.23 billion, a price-to-earnings ratio of 99.79, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. Aritzia has a 1 year low of C$29.55 and a 1 year high of C$67.94.

Aritzia (TSE:ATZ) last issued 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 business had revenue of C$615.66 million for the quarter, compared to analyst estimates of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. As a group, equities analysts anticipate that Aritzia will post 1.7771148 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Jennifer Wong sold 20,000 shares of the firm’s 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. Also, Senior Officer Karen Kwan sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of C$46.00, for a total value of C$230,000.00. Insiders have sold a total of 77,300 shares of company stock valued at $3,565,800 in the last three months. Company insiders own 0.94% of the company’s stock.

About Aritzia

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.