Aritzia (TSE:ATZ) Price Target Raised to C$62.00

Aritzia (TSE:ATZ) had its target price increased by Canaccord Genuity Group from C$56.00 to C$62.00 in a research report report published on Monday morning,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. TD Securities lifted their price objective on Aritzia from C$58.00 to C$68.00 in a report on Monday. Stifel Nicolaus lifted their price target on shares of Aritzia from C$50.00 to C$58.00 in a research note on Friday, October 11th. Royal Bank of Canada upgraded shares of Aritzia from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 31st. BMO Capital Markets raised their price objective on shares of Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. Finally, CIBC upped their target price on shares of Aritzia from C$60.00 to C$63.00 in a research note on Monday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$60.89.

Aritzia Trading Up 0.2 %

Shares of TSE ATZ opened at C$57.04 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. Aritzia has a twelve month low of C$25.32 and a twelve month high of C$59.18. The company’s fifty day moving average is C$48.81 and its 200-day moving average is C$46.13. The stock has a market cap of C$5.24 billion, a price-to-earnings ratio of 83.88, a P/E/G ratio of 1.19 and a beta of 1.83.

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). Aritzia had a return on equity of 9.84% and a net margin of 3.26%. The business had revenue of C$615.66 million for the quarter, compared to the consensus estimate of C$581.10 million. Equities research analysts predict that Aritzia will post 1.7771148 EPS for the current year.

Insiders Place Their Bets

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