Aritzia (TSE:ATZ) Given New C$65.00 Price Target at BMO Capital Markets

Aritzia (TSE:ATZ) had its target price hoisted by BMO Capital Markets from C$60.00 to C$65.00 in a report released on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Raymond James downgraded shares of Aritzia from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from C$52.50 to C$58.00 in a research note on Tuesday. Canaccord Genuity Group upped their target price on shares of Aritzia from C$56.00 to C$62.00 in a research report on Monday. Royal Bank of Canada raised their price target on Aritzia from C$56.00 to C$65.00 in a research report on Tuesday. TD Securities upped their price objective on Aritzia from C$58.00 to C$68.00 in a report on Monday. Finally, Stifel Nicolaus raised their target price on Aritzia from C$58.00 to C$66.00 in a report on Tuesday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$61.44.

Aritzia Stock Down 0.1 %

TSE ATZ opened at C$56.99 on Thursday. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. Aritzia has a 52 week low of C$26.13 and a 52 week high of C$59.18. The stock has a market capitalization of C$5.23 billion, a P/E ratio of 83.81, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The stock has a fifty day moving average of C$49.09 and a 200-day moving average of C$46.20.

Aritzia (TSE:ATZ) last announced its quarterly earnings data 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). 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 during the quarter, compared to analyst estimates of C$581.10 million. On average, equities research analysts forecast that Aritzia will post 1.7771148 EPS for the current year.

Insider Transactions at Aritzia

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$46.00, for a total value of C$920,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$174,800.00. Insiders have sold a total of 77,300 shares of company stock valued at $3,565,800 over the last 90 days. 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.