Aritzia Inc. (TSE:ATZ) Receives Average Rating of “Moderate Buy” from Analysts

Aritzia Inc. (TSE:ATZ) has been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$50.00.

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of Aritzia from C$46.00 to C$52.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Royal Bank of Canada raised their price objective on shares of Aritzia from C$46.00 to C$47.00 in a research report on Friday, July 12th. CIBC raised their price objective on shares of Aritzia from C$41.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. BMO Capital Markets raised their price objective on shares of Aritzia from C$50.00 to C$52.00 in a research report on Friday, July 12th. Finally, Stifel Nicolaus raised their price objective on shares of Aritzia from C$42.00 to C$50.00 and gave the stock a “buy” rating in a research report on Friday, July 12th.

Aritzia Stock Performance

TSE:ATZ opened at C$46.71 on Friday. The company’s 50-day moving average price is C$45.23 and its 200-day moving average price is C$39.17. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. The company has a market cap of C$4.29 billion, a P/E ratio of 68.69, a P/E/G ratio of 1.19 and a beta of 1.82. Aritzia has a twelve month low of C$20.67 and a twelve month high of C$48.23.

Aritzia (TSE:ATZ) last posted its quarterly earnings results on Thursday, July 11th. The company reported C$0.16 earnings per share for the quarter, topping the consensus estimate of C$0.13 by C$0.03. The firm had revenue of C$498.63 million for the quarter, compared to the consensus estimate of C$487.16 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. On average, sell-side analysts forecast that Aritzia will post 1.799772 earnings per share for the current fiscal year.

Insider Buying and Selling at Aritzia

In other Aritzia news, Director Jennifer Wong sold 11,800 shares of Aritzia stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of C$47.75, for a total transaction of C$563,450.00. In other Aritzia news, Director Jennifer Wong sold 11,800 shares of Aritzia stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of C$47.75, for a total transaction of C$563,450.00. Also, Senior Officer Karen Kwan sold 10,000 shares of Aritzia stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total transaction of C$477,000.00. Company insiders own 0.94% of the company’s stock.

About Aritzia

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.