TD Securities Increases Aritzia (TSE:ATZ) Price Target to C$60.00

Aritzia (TSE:ATZ) had its price objective upped by equities researchers at TD Securities from C$50.00 to C$60.00 in a research report issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 17.10% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets lifted their price target on Aritzia from C$50.00 to C$52.00 in a research report on Friday, July 12th. UBS Group increased their target price on Aritzia from C$53.00 to C$54.00 in a report on Friday, July 12th. Canaccord Genuity Group raised their price objective on Aritzia from C$46.00 to C$52.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Stifel Nicolaus upped their target price on Aritzia from C$42.00 to C$50.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Raymond James raised their price target on shares of Aritzia from C$43.00 to C$48.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Aritzia presently has an average rating of “Moderate Buy” and a consensus price target of C$52.38.

Aritzia Stock Up 1.9 %

ATZ stock opened at C$51.24 on Thursday. The firm’s 50-day simple moving average is C$46.09 and its 200 day simple moving average is C$40.26. Aritzia has a fifty-two week low of C$20.67 and a fifty-two week high of C$51.80. The stock has a market cap of C$4.71 billion, a PE ratio of 75.35, a price-to-earnings-growth ratio of 1.19 and a beta of 1.82. 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 (TSE:ATZ) last posted its quarterly earnings data on Thursday, July 11th. The company reported C$0.16 earnings per share for the quarter, topping the consensus estimate of C$0.13 by C$0.03. The business had revenue of C$498.63 million during the quarter, compared to the consensus estimate of C$487.16 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. As a group, sell-side analysts predict that Aritzia will post 1.8012959 EPS for the current year.

Insider Buying and Selling at Aritzia

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

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.