Aritzia (TSE:ATZ) Given a C$82.00 Price Target by Desjardins Analysts

Aritzia (TSE:ATZ) has been given a C$82.00 price target by research analysts at Desjardins in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 21.97% from the company’s previous close.

Several other brokerages have also recently weighed in on ATZ. Royal Bank of Canada raised their price target on shares of Aritzia from C$65.00 to C$73.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Raymond James raised their price target on Aritzia from C$58.00 to C$65.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. CIBC upped their price objective on shares of Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a report on Sunday, January 12th. Stifel Nicolaus increased their price target on shares of Aritzia from C$66.00 to C$70.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, BMO Capital Markets raised their target price on Aritzia from C$68.00 to C$80.00 in a report on Friday, February 14th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Aritzia has a consensus rating of “Moderate Buy” and an average target price of C$69.60.

Aritzia Stock Performance

TSE:ATZ traded up C$1.20 during mid-day trading on Wednesday, hitting C$67.23. The stock had a trading volume of 255,965 shares, compared to its average volume of 618,896. Aritzia has a twelve month low of C$31.82 and a twelve month high of C$73.44. The stock has a market cap of C$8.02 billion, a price-to-earnings ratio of 59.07, a PEG ratio of 1.19 and a beta of 1.83. The company’s 50 day simple moving average is C$64.04 and its 200 day simple moving average is C$52.48. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29.

Insiders Place Their Bets

In related news, Senior Officer Margot Johnson sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of C$72.14, for a total value of C$252,490.00. Also, Senior Officer Philippa (Pippa) Morgan sold 3,023 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$70.10, for a total value of C$211,912.30. Insiders have sold a total of 56,298 shares of company stock worth $3,801,028 in the last ninety days. 0.94% of the stock is owned by corporate insiders.

Aritzia Company Profile

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories.