Aritzia (TSE:ATZ) PT Raised to C$54.00

Aritzia (TSE:ATZ) had its target price upped by research analysts at UBS Group from C$53.00 to C$54.00 in a research note issued on Friday, BayStreet.CA reports. UBS Group’s price target indicates a potential upside of 13.47% from the company’s current price.

Other research analysts also recently issued reports about the company. BMO Capital Markets upgraded Aritzia from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$41.00 to C$50.00 in a research note on Friday, May 3rd. CIBC raised their target price on shares of Aritzia from C$37.00 to C$41.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. TD Securities boosted their price target on shares of Aritzia from C$43.00 to C$46.00 and gave the stock a “buy” rating in a research note on Wednesday, June 19th. Canaccord Genuity Group lifted their price objective on Aritzia from C$40.00 to C$42.00 and gave the company a “buy” rating in a report on Friday, July 5th. Finally, Royal Bank of Canada lifted their price target on Aritzia from C$40.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Thursday, July 4th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$46.67.

Aritzia Stock Up 14.6 %

TSE ATZ traded up C$6.08 on Friday, hitting C$47.59. 1,057,033 shares of the stock were exchanged, compared to its average volume of 362,915. Aritzia has a fifty-two week low of C$20.67 and a fifty-two week high of C$47.76. The company has a 50-day moving average price of C$36.39 and a 200-day moving average price of C$35.10. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 99.80. The company has a market cap of C$4.33 billion, a PE ratio of 68.91, a PEG ratio of 1.19 and a beta of 1.84.

Aritzia (TSE:ATZ) last posted its earnings results on Thursday, May 2nd. The company reported C$0.21 earnings per share for the quarter, missing the consensus estimate of C$0.29 by C($0.08). The business had revenue of C$681.97 million for the quarter, compared to analysts’ expectations of C$681.70 million. Aritzia had a return on equity of 10.55% and a net margin of 3.38%. Sell-side analysts anticipate that Aritzia will post 1.7411386 EPS for the current fiscal year.

Insider Activity

In other Aritzia news, Senior Officer Karen Kwan sold 1,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$34.00, for a total transaction of C$34,000.00. In other news, Senior Officer Karen Kwan sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$34.00, for a total value of C$34,000.00. Also, Senior Officer David John Maciver sold 173,254 shares of Aritzia stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$36.64, for a total transaction of C$6,348,026.56. Insiders sold 185,254 shares of company stock valued at $6,750,057 in the last ninety days. Company insiders own 0.55% of the company’s stock.

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.