Royal Bank of Canada Increases Aritzia (TSE:ATZ) Price Target to C$56.00

Aritzia (TSE:ATZ) had its price objective raised by equities research analysts at Royal Bank of Canada from C$47.00 to C$56.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 11.40% from the company’s previous close.

ATZ has been the topic of several other research reports. BMO Capital Markets upped their price target on Aritzia from C$50.00 to C$52.00 in a report on Friday, July 12th. Raymond James upped their target price on Aritzia from C$43.00 to C$48.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Stifel Nicolaus lifted their price target on Aritzia from C$42.00 to C$50.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. UBS Group boosted their price objective on Aritzia from C$53.00 to C$54.00 in a report on Friday, July 12th. Finally, TD Securities raised their target price on shares of Aritzia from C$46.00 to C$50.00 in a report on Friday, July 12th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Aritzia has an average rating of “Moderate Buy” and a consensus target price of C$52.38.

Aritzia Price Performance

TSE:ATZ opened at C$50.27 on Wednesday. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. The business’s 50-day moving average price is C$45.87 and its 200 day moving average price is C$40.09. Aritzia has a 52-week low of C$20.67 and a 52-week high of C$51.65. The firm has a market cap of C$4.62 billion, a P/E ratio of 73.93, a PEG ratio of 1.19 and a beta of 1.82.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, July 11th. The company reported C$0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.13 by C$0.03. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. The company had revenue of C$498.63 million for the quarter, compared to analysts’ expectations of C$487.16 million. As a group, sell-side analysts predict that Aritzia will post 1.8012959 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Karen Kwan sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of C$47.70, for a total value of C$477,000.00. In other Aritzia news, Senior Officer Karen Kwan sold 10,000 shares of Aritzia stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total transaction of C$477,000.00. Also, Director Jennifer Wong sold 11,800 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total transaction of C$563,450.00. Corporate insiders own 0.94% of the company’s stock.

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.