Aritzia (TSE:ATZ) Price Target Increased to C$52.00 by Analysts at BMO Capital Markets

Aritzia (TSE:ATZ) had its target price hoisted by equities researchers at BMO Capital Markets from C$50.00 to C$52.00 in a report issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 9.27% from the company’s current price.

Other analysts have also recently issued reports about the company. CIBC increased their price objective on Aritzia from C$37.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. UBS Group lifted their price objective on shares of Aritzia from C$53.00 to C$54.00 in a research report on Friday. Canaccord Genuity Group upped their price objective on shares of Aritzia from C$40.00 to C$42.00 and gave the stock a “buy” rating in a research report on Friday, July 5th. TD Securities lifted their target price on shares of Aritzia from C$43.00 to C$46.00 and gave the company a “buy” rating in a report on Wednesday, June 19th. Finally, Stifel Nicolaus increased their price target on shares of Aritzia from C$34.00 to C$42.00 in a report on Wednesday, April 3rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$46.67.

Aritzia Stock Performance

Shares of Aritzia stock traded up C$6.08 on Friday, hitting C$47.59. The stock had a trading volume of 1,057,033 shares, compared to its average volume of 362,915. The stock has a market cap of C$4.33 billion, a price-to-earnings ratio of 68.91, a P/E/G ratio of 1.19 and a beta of 1.84. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 99.80. Aritzia has a 52-week low of C$20.67 and a 52-week high of C$47.76. The company’s 50 day moving average price is C$36.39 and its 200 day moving average price is C$35.10.

Aritzia (TSE:ATZ) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C$0.21 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.29 by C($0.08). Aritzia had a return on equity of 10.55% and a net margin of 3.38%. The business had revenue of C$681.97 million for the quarter, compared to analyst estimates of C$681.70 million. On average, research analysts anticipate that Aritzia will post 1.7411386 EPS for the current year.

Insider Buying and Selling at Aritzia

In other news, Senior Officer Karen Kwan sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of C$33.00, for a total transaction of C$99,000.00. In related news, Senior Officer David John Maciver sold 173,254 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$36.64, for a total value of C$6,348,026.56. Also, Senior Officer Karen Kwan sold 3,000 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of C$33.00, for a total transaction of C$99,000.00. Over the last 90 days, insiders have sold 185,254 shares of company stock valued at $6,750,057. Insiders own 0.55% of the company’s stock.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.