Aritzia (TSE:ATZ) PT Raised to C$50.00

Aritzia (TSE:ATZ) had its price target hoisted by TD Securities from C$46.00 to C$50.00 in a research note published on Friday, BayStreet.CA reports.

Several other analysts also recently weighed in on ATZ. Canaccord Genuity Group lifted their price target on shares of Aritzia from C$40.00 to C$42.00 and gave the company a buy rating in a research note on Friday, July 5th. CIBC lifted their target price on Aritzia from C$37.00 to C$41.00 and gave the company an outperform rating in a research report on Friday, May 3rd. Royal Bank of Canada increased their price target on Aritzia from C$40.00 to C$46.00 and gave the stock a sector perform rating in a research report on Thursday, July 4th. UBS Group lifted their price objective on Aritzia from C$53.00 to C$54.00 in a report on Friday. Finally, Raymond James dropped their target price 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. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of C$47.88.

Aritzia Stock Performance

ATZ stock opened at C$47.66 on Friday. Aritzia has a twelve month low of C$20.67 and a twelve month high of C$47.88. The firm has a market cap of C$4.33 billion, a price-to-earnings ratio of 69.07, a PEG ratio of 1.19 and a beta of 1.84. The business’s fifty day simple moving average is C$36.63 and its two-hundred day simple moving average is C$35.34. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 99.80.

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

Insider Buying and Selling at Aritzia

In related news, Senior Officer David John Maciver sold 173,254 shares of the business’s stock in a transaction that occurred 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. In other news, Senior Officer David John Maciver sold 173,254 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was 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 company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$34.00, for a total value of C$170,000.00. Insiders have sold 185,254 shares of company stock worth $6,750,057 over the last quarter. 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.