Aritzia (TSE:ATZ) Price Target Raised to C$70.00 at Stifel Nicolaus

Aritzia (TSE:ATZ) had its target price raised by equities research analysts at Stifel Nicolaus from C$66.00 to C$70.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 3.15% from the company’s previous close.

A number of other research analysts also recently weighed in on ATZ. Royal Bank of Canada upped their price target on Aritzia from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. TD Securities upped their target price on Aritzia from C$68.00 to C$75.00 and gave the stock a “buy” rating in a research report on Sunday. CIBC lifted their price target on shares of Aritzia from C$63.00 to C$75.00 and gave the company an “outperform” rating in a research report on Sunday. Canaccord Genuity Group boosted their price target on shares of Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a research note on Sunday. Finally, Raymond James lowered shares of Aritzia from an “outperform” rating to a “market perform” rating and raised their price objective for the company from C$52.50 to C$58.00 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$66.56.

Aritzia Price Performance

ATZ stock opened at C$67.86 on Monday. 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 market cap of C$6.23 billion, a price-to-earnings ratio of 99.79, a PEG ratio of 1.19 and a beta of 1.83. The company’s fifty day simple moving average is C$49.86 and its 200 day simple moving average is C$46.63. Aritzia has a 12-month low of C$29.55 and a 12-month high of C$67.94.

Aritzia (TSE:ATZ) last issued 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). The business had revenue of C$615.66 million during 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%. On average, analysts expect that Aritzia will post 1.7771148 earnings per share for the current year.

Insider Activity at Aritzia

In other Aritzia news, Senior Officer Karen Kwan sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of C$46.00, for a total value of C$299,000.00. Also, Director Jennifer Wong sold 2,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$46.00, for a total value of C$92,000.00. In the last three months, insiders have sold 77,300 shares of company stock worth $3,565,800. Company insiders own 0.94% of the company’s stock.

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.