Aritzia (TSE:ATZ) Price Target Raised to C$70.00

Aritzia (TSE:ATZ) had its price objective increased by Canaccord Genuity Group from C$62.00 to C$70.00 in a research note published on Sunday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other research firms have also recently weighed in on ATZ. CIBC increased their target price on shares of Aritzia from C$60.00 to C$63.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Royal Bank of Canada raised their price objective on Aritzia from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. TD Securities boosted their price objective on Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a research report on Sunday. BMO Capital Markets raised their target price on Aritzia from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Finally, Stifel Nicolaus boosted their price target on shares of Aritzia from C$58.00 to C$66.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$66.56.

Aritzia Price Performance

TSE:ATZ opened at C$66.36 on Friday. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19. The stock has a market cap of C$6.09 billion, a P/E ratio of 97.59, a PEG ratio of 1.19 and a beta of 1.83. The company has a fifty day moving average price of C$50.66 and a 200 day moving average price of C$46.95. Aritzia has a one year low of C$31.82 and a one year high of C$67.94.

Insiders Place Their Bets

In related news, Director Jennifer Wong sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$92,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of the firm’s stock in a transaction dated 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 over the last three months. 0.94% of the stock is currently owned by corporate 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.