Analysts Set Aritzia Inc. (TSE:ATZ) Price Target at C$55.38

Aritzia Inc. (TSE:ATZ) has been given a consensus rating of “Buy” by the seven analysts that are covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$55.38.

Several equities research analysts recently issued reports on the stock. TD Securities dropped their target price on shares of Aritzia from C$60.00 to C$58.00 in a report on Friday, October 11th. Stifel Nicolaus lifted their price objective on Aritzia from C$50.00 to C$58.00 in a report on Friday, October 11th. Royal Bank of Canada raised Aritzia from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 31st. BMO Capital Markets upped their price target on shares of Aritzia from C$52.00 to C$57.00 in a research report on Friday, October 11th. Finally, CIBC raised their price objective on shares of Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th.

Insider Activity at Aritzia

In other news, Senior Officer Karen Kwan sold 3,800 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$174,800.00. Also, Director Jennifer Wong sold 2,000 shares of Aritzia stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total value of C$92,000.00. In the last ninety days, insiders sold 77,300 shares of company stock worth $3,565,800. 0.94% of the stock is owned by company insiders.

Aritzia Stock Performance

Shares of ATZ opened at C$49.01 on Thursday. The company has a market cap of C$4.50 billion, a price-to-earnings ratio of 72.07, a P/E/G ratio of 1.19 and a beta of 1.83. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. Aritzia has a 12 month low of C$22.88 and a 12 month high of C$51.80. The business’s fifty day simple moving average is C$46.51 and its two-hundred day simple moving average is C$43.11.

Aritzia (TSE:ATZ) last posted 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 net margin of 3.26% and a return on equity of 9.84%. The company had revenue of C$615.66 million for the quarter, compared to the consensus estimate of C$581.10 million. Research analysts anticipate that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

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.