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

Aritzia (TSE:ATZ) had its target price increased by CIBC from C$47.00 to C$60.00 in a research report sent to investors on Friday morning, BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. Raymond James boosted their target price on shares of Aritzia from C$43.00 to C$48.00 and gave the company an outperform rating in a report on Monday, July 15th. TD Securities dropped their price objective on shares of Aritzia from C$60.00 to C$58.00 in a research note on Friday. Royal Bank of Canada upped their price objective on shares of Aritzia from C$47.00 to C$56.00 and gave the stock a sector perform rating in a report on Wednesday, October 2nd. Canaccord Genuity Group lifted their target price on shares of Aritzia from C$46.00 to C$52.00 and gave the company a buy rating in a report on Monday, July 29th. Finally, Stifel Nicolaus raised their price objective on Aritzia from C$50.00 to C$58.00 in a research report on Friday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of C$55.38.

Aritzia Price Performance

ATZ stock opened at C$47.20 on Friday. The firm has a 50-day moving average of C$46.60 and a 200 day moving average of C$40.72. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19. The company has a market cap of C$4.33 billion, a P/E ratio of 69.41, a PEG ratio of 1.19 and a beta of 1.83. Aritzia has a 1 year low of C$20.67 and a 1 year high of C$51.80.

Aritzia (TSE:ATZ) last announced its earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.02). Aritzia had a return on equity of 9.84% and a net margin of 3.26%. The firm had revenue of C$615.66 million during the quarter, compared to the consensus estimate of C$581.10 million. On average, sell-side analysts forecast that Aritzia will post 1.7771148 EPS for the current year.

Insider Buying and Selling

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

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.