Aritzia (TSE:ATZ) Price Target Raised to C$63.00

Aritzia (TSE:ATZ) had its price target lifted by CIBC from C$60.00 to C$63.00 in a report issued on Monday,BayStreet.CA reports.

ATZ has been the topic of several other research reports. BMO Capital Markets boosted their target price on Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. TD Securities upped their price objective on Aritzia from C$58.00 to C$68.00 in a report on Monday. Stifel Nicolaus lifted their target price on Aritzia from C$50.00 to C$58.00 in a report on Friday, October 11th. Finally, Royal Bank of Canada raised shares of Aritzia from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$60.89.

Aritzia Price Performance

Shares of TSE ATZ opened at C$57.04 on Monday. The stock has a market cap of C$5.24 billion, a P/E ratio of 83.88, a P/E/G ratio of 1.19 and a beta of 1.83. The firm’s 50-day simple moving average is C$48.81 and its 200 day simple moving average is C$46.13. Aritzia has a fifty-two week low of C$25.32 and a fifty-two week high of C$59.18. 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 released its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 EPS for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The company had revenue of C$615.66 million for the quarter, compared to the consensus estimate of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. Equities analysts expect that Aritzia will post 1.7771148 EPS for the current year.

Insider Activity at Aritzia

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$46.00, for a total transaction of C$920,000.00. Also, Senior Officer Karen Kwan sold 6,500 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of C$46.00, for a total value of C$299,000.00. Insiders sold 77,300 shares of company stock worth $3,565,800 in the last quarter. 0.94% of the stock is 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.