Aritzia Inc. (TSE:ATZ) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Aritzia Inc. (TSE:ATZ) have earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$62.42.

ATZ has been the subject of a number of research reports. Raymond James lifted their target price on Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. BMO Capital Markets boosted their price objective on shares of Aritzia from C$68.00 to C$80.00 in a report on Friday, February 14th. Royal Bank of Canada increased their target price on shares of Aritzia from C$65.00 to C$73.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Desjardins set a C$82.00 price target on shares of Aritzia and gave the company a “buy” rating in a research report on Wednesday, February 26th. Finally, TD Securities reduced their price target on Aritzia from C$75.00 to C$74.00 and set a “buy” rating on the stock in a research report on Friday, March 21st.

Insider Activity

In related news, Senior Officer Karen Kwan sold 29,966 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of C$65.96, for a total value of C$1,976,557.36. Also, Director Jennifer Wong sold 12,609 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of C$68.75, for a total transaction of C$866,868.75. In the last quarter, insiders have sold 56,298 shares of company stock worth $3,801,028. Insiders own 0.94% of the company’s stock.

Aritzia Stock Performance

ATZ opened at C$42.19 on Wednesday. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The business has a fifty day simple moving average of C$61.49 and a 200 day simple moving average of C$54.57. Aritzia has a 1 year low of C$31.82 and a 1 year high of C$73.44. The company has a market capitalization of C$5.03 billion, a PE ratio of 37.07, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83.

About Aritzia

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.