Aritzia (TSE:ATZ) PT Raised to C$46.00 at Royal Bank of Canada

Aritzia (TSE:ATZ) had its price objective upped by investment analysts at Royal Bank of Canada from C$40.00 to C$46.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 22.34% from the company’s current price.

ATZ has been the topic of several other reports. CIBC upped their price target on shares of Aritzia from C$37.00 to C$41.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. BMO Capital Markets raised shares of Aritzia from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$41.00 to C$50.00 in a report on Friday, May 3rd. Raymond James lowered their price target on shares of Aritzia from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Canaccord Genuity Group upped their price target on shares of Aritzia from C$38.00 to C$40.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Stifel Nicolaus upped their price target on shares of Aritzia from C$34.00 to C$42.00 in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six 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 target price of C$42.50.

Aritzia Stock Performance

ATZ stock traded down C$0.15 during trading on Thursday, reaching C$37.60. The company had a trading volume of 38,196 shares, compared to its average volume of 351,409. The company has a market cap of C$3.42 billion, a price-to-earnings ratio of 54.49, a price-to-earnings-growth ratio of 1.19 and a beta of 1.84. Aritzia has a twelve month low of C$20.67 and a twelve month high of C$41.25. The company has a debt-to-equity ratio of 99.80, a quick ratio of 0.19 and a current ratio of 1.40. The firm has a 50-day simple moving average of C$35.76 and a 200-day simple moving average of C$34.60.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C$0.21 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.29 by C($0.08). Aritzia had a net margin of 3.38% and a return on equity of 10.55%. The firm had revenue of C$681.97 million during the quarter, compared to analyst estimates of C$681.70 million. As a group, sell-side analysts expect that Aritzia will post 1.7411386 earnings per share for the current year.

Insider Buying and Selling

In other news, Senior Officer David John Maciver sold 173,254 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$36.64, for a total value of C$6,348,026.56. In other Aritzia news, Senior Officer David John Maciver sold 173,254 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$36.64, for a total value of C$6,348,026.56. Also, Senior Officer Karen Kwan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of C$34.00, for a total transaction of C$170,000.00. Over the last ninety days, insiders sold 185,254 shares of company stock worth $6,750,057. 0.55% of the stock is owned by corporate insiders.

Aritzia Company Profile

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.