Aritzia Inc. (TSE:ATZ) Director Sells C$930,000.00 in Stock

Aritzia Inc. (TSE:ATZ) Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of C$46.50, for a total transaction of C$930,000.00.

Jennifer Wong also recently made the following trade(s):

• On Monday, November 11th, Jennifer Wong sold 20,000 shares of Aritzia stock. The shares were sold at an average price of C$46.00, for a total transaction of C$920,000.00.
• On Friday, November 8th, Jennifer Wong sold 2,000 shares of Aritzia stock. The shares were sold at an average price of C$46.00, for a total transaction of C$92,000.00.

Aritzia Price Performance

Shares of TSE ATZ opened at C$44.64 on Wednesday. Aritzia Inc. has a twelve month low of C$22.88 and a twelve month high of C$51.80. The firm has a fifty day simple moving average of C$46.80 and a 200 day simple moving average of C$42.52. The company has a market capitalization of C$4.10 billion, a PE ratio of 65.65, a P/E/G ratio of 1.19 and a beta of 1.83. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38.

Aritzia (TSE:ATZ) last announced its earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). Aritzia had a return on equity of 9.84% and a net margin of 3.26%. The firm had revenue of C$615.66 million for the quarter, compared to the consensus estimate of C$581.10 million. On average, sell-side analysts forecast that Aritzia Inc. will post 1.7771148 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ATZ. CIBC lifted their price objective on shares of Aritzia from C$47.00 to C$60.00 in a research note on Friday, October 11th. Royal Bank of Canada upgraded shares of Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their target price on shares of Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. TD Securities cut their price target on shares of Aritzia from C$60.00 to C$58.00 in a report on Friday, October 11th. Finally, Canaccord Genuity Group lifted their price target on shares of Aritzia from C$46.00 to C$52.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Aritzia currently has a consensus rating of “Buy” and an average target price of C$55.38.

About Aritzia

Aritzia Inc, together with its subsidiaries, designs, develops, and sells apparels and accessories for women in the United States and Canada. The company offers activewear, blazers and suiting, bodysuits, denim, dresses, jackets and coats, jumpsuits and rompers, leggings and bike shorts, pants, shirts and blouses, shorts, skirts, sweaters, and sweatpants, sweatshirts, hoodies, and sweats, as well as t-shirts, tops, intimates, bra tops, leaotards.