Aritzia Inc. (TSE:ATZ) Receives C$55.75 Consensus Target Price from Brokerages

Shares of Aritzia Inc. (TSE:ATZ) have earned a consensus rating of “Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have covered the stock in the last year is C$55.75.

A number of analysts have commented on the company. Royal Bank of Canada raised Aritzia from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 31st. CIBC lifted their price objective on Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th. BMO Capital Markets upped their target price on shares of Aritzia from C$57.00 to C$60.00 in a research note on Thursday, December 19th. TD Securities decreased their price objective on shares of Aritzia from C$60.00 to C$58.00 in a report on Friday, October 11th. Finally, Stifel Nicolaus raised their target price on shares of Aritzia from C$50.00 to C$58.00 in a report on Friday, October 11th.

Insider Activity at Aritzia

In related news, Director Jennifer Wong sold 2,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$92,000.00. Also, Senior Officer Karen Kwan sold 5,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of C$46.00, for a total value of C$230,000.00. Over 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 Aritzia stock opened at C$53.72 on Monday. Aritzia has a 1 year low of C$24.76 and a 1 year high of C$55.00. The firm’s 50-day moving average is C$47.26 and its 200 day moving average is C$45.30. The stock has a market cap of C$4.93 billion, a price-to-earnings ratio of 79.00, a PEG ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19.

Aritzia (TSE:ATZ) last posted its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 EPS for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The firm had revenue of C$615.66 million for the quarter, compared to analysts’ expectations of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. Sell-side analysts anticipate that Aritzia will post 1.7771148 EPS for the current fiscal year.

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.