Raymond James Boosts Aritzia (TSE:ATZ) Price Target to C$48.00

Aritzia (TSE:ATZ) had its price target boosted by Raymond James from C$43.00 to C$48.00 in a report issued on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts also recently commented on the stock. UBS Group boosted their price objective on shares of Aritzia from C$53.00 to C$54.00 in a research report on Friday, July 12th. TD Securities boosted their price objective on shares of Aritzia from C$46.00 to C$50.00 in a research report on Friday, July 12th. CIBC boosted their price objective on shares of Aritzia from C$41.00 to C$47.00 and gave the company an outperform rating in a research report on Monday. BMO Capital Markets boosted 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 boosted their price objective on shares of Aritzia from C$42.00 to C$50.00 and gave the company a buy rating in a research report on Friday, July 12th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Aritzia has an average rating of Moderate Buy and an average price target of C$49.25.

Aritzia Stock Down 0.6 %

TSE ATZ opened at C$47.35 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 99.80. Aritzia has a 1-year low of C$20.67 and a 1-year high of C$48.23. The company has a 50 day moving average of C$37.22 and a 200-day moving average of C$35.70. The company has a market cap of C$4.31 billion, a price-to-earnings ratio of 68.62, a PEG ratio of 1.19 and a beta of 1.84.

Aritzia (TSE:ATZ) last announced its quarterly earnings data 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 net margin of 3.38% and a return on equity of 10.55%. The firm had revenue of C$681.97 million for the quarter, compared to analyst estimates of C$681.70 million. On average, equities research analysts expect that Aritzia will post 1.7411386 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Karen Kwan sold 3,000 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of C$33.00, for a total value of C$99,000.00. In related news, Senior Officer Karen Kwan sold 3,000 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of C$33.00, for a total value of C$99,000.00. Also, Senior Officer David John Maciver sold 173,254 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$36.64, for a total transaction of C$6,348,026.56. Over the last quarter, insiders have sold 185,254 shares of company stock valued at $6,750,057. 0.55% of the stock is currently owned by insiders.

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.