Aritzia (TSE:ATZ) Price Target Raised to C$75.00

Aritzia (TSE:ATZ) had its price objective hoisted by CIBC from C$63.00 to C$75.00 in a research report report published on Sunday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts also recently weighed in on ATZ. Royal Bank of Canada boosted their target price on Aritzia from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Canaccord Genuity Group boosted their price objective on shares of Aritzia from C$62.00 to C$70.00 and gave the stock a “buy” rating in a report on Sunday. Stifel Nicolaus upped their price objective on shares of Aritzia from C$58.00 to C$66.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. BMO Capital Markets lifted their target price on shares of Aritzia from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Finally, Raymond James lowered shares of Aritzia from an “outperform” rating to a “market perform” rating and upped their price target for the company from C$52.50 to C$58.00 in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Aritzia presently has an average rating of “Moderate Buy” and a consensus price target of C$66.56.

Aritzia Price Performance

Aritzia stock opened at C$66.36 on Friday. The stock has a market cap of C$6.09 billion, a price-to-earnings ratio of 97.59, a PEG 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. The business has a 50-day simple moving average of C$50.66 and a 200 day simple moving average of C$46.95. Aritzia has a 52 week low of C$31.82 and a 52 week high of C$67.94.

Insider Transactions at Aritzia

In related news, Senior Officer Karen Kwan sold 3,800 shares of Aritzia stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total transaction of C$174,800.00. Also, Director Jennifer Wong sold 2,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total transaction of C$92,000.00. Insiders have sold 77,300 shares of company stock valued at $3,565,800 over the last quarter. 0.94% of the stock is currently owned by company insiders.

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.