Aritzia (TSE:ATZ) Price Target Raised to C$65.00 at BMO Capital Markets

Aritzia (TSE:ATZ) had its price objective hoisted by analysts at BMO Capital Markets from C$60.00 to C$65.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 12.59% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Canaccord Genuity Group boosted their target price on Aritzia from C$56.00 to C$62.00 in a report on Monday. Stifel Nicolaus increased their target price on Aritzia from C$58.00 to C$66.00 in a report on Tuesday. Raymond James lowered Aritzia from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from C$52.50 to C$58.00 in a report on Tuesday. CIBC boosted their price target on Aritzia from C$60.00 to C$63.00 in a research report on Monday. Finally, Royal Bank of Canada raised their price target on Aritzia from C$56.00 to C$65.00 in a report on Tuesday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$61.44.

Aritzia Price Performance

Shares of Aritzia stock traded up C$0.69 during trading on Thursday, hitting C$57.73. 204,898 shares of the company were exchanged, compared to its average volume of 565,017. The firm has a 50 day moving average price of C$49.09 and a 200 day moving average price of C$46.20. The stock has a market capitalization of C$5.30 billion, a price-to-earnings ratio of 84.90, a P/E/G ratio of 1.19 and a beta of 1.83. 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 fifty-two week low of C$26.13 and a fifty-two week high of C$59.18.

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

Insider Activity at Aritzia

In other news, Senior Officer Karen Kwan sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of C$46.00, for a total transaction of C$299,000.00. Also, Director Jennifer Wong sold 2,000 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$92,000.00. In the last ninety days, insiders have sold 77,300 shares of company stock valued at $3,565,800. Corporate 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.