BMO Capital Markets Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its price target raised by BMO Capital Markets from C$57.00 to C$60.00 in a report released on Thursday,BayStreet.CA reports.

Several other brokerages have also commented on ATZ. Royal Bank of Canada upgraded shares of Aritzia from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 31st. CIBC upped their price objective on shares of Aritzia from C$47.00 to C$60.00 in a research report on Friday, October 11th. TD Securities cut their price objective on Aritzia from C$60.00 to C$58.00 in a research report on Friday, October 11th. Finally, Stifel Nicolaus boosted their price target on Aritzia from C$50.00 to C$58.00 in a research note on Friday, October 11th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$55.75.

Aritzia Price Performance

Shares of TSE ATZ opened at C$51.32 on Thursday. Aritzia has a 52 week low of C$24.76 and a 52 week high of C$52.74. The stock has a market capitalization of C$4.71 billion, a price-to-earnings ratio of 75.47, a price-to-earnings-growth 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 firm has a 50-day simple moving average of C$46.54 and a 200-day simple moving average of C$44.38.

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

Insider Activity

In related news, Director Jennifer Wong sold 20,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$46.00, for a total value of C$920,000.00. Also, Senior Officer Karen Kwan sold 5,000 shares of Aritzia stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of C$46.00, for a total value of C$230,000.00. In the last ninety days, insiders have sold 77,300 shares of company stock worth $3,565,800. 0.94% of the stock is owned by company insiders.

Aritzia Company Profile

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.