Aritzia (TSE:ATZ) Price Target Raised to C$66.00

Aritzia (TSE:ATZ) had its price target hoisted by Stifel Nicolaus from C$58.00 to C$66.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on ATZ. Canaccord Genuity Group increased their target price on Aritzia from C$56.00 to C$62.00 in a report on Monday. Royal Bank of Canada raised Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. TD Securities upped their price target on Aritzia from C$58.00 to C$68.00 in a research report on Monday. BMO Capital Markets lifted their price objective on shares of Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. Finally, CIBC increased their target price on shares of Aritzia from C$60.00 to C$63.00 in a report on Monday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$61.44.

Aritzia Price Performance

ATZ opened at C$56.99 on Tuesday. The stock has a market cap of C$5.23 billion, a P/E ratio of 83.81, a P/E/G ratio of 1.19 and a beta of 1.83. Aritzia has a 12 month low of C$26.13 and a 12 month high of C$59.18. 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 company has a fifty day simple moving average of C$49.09 and a 200 day simple moving average of C$46.20.

Aritzia (TSE:ATZ) last released 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). Aritzia had a return on equity of 9.84% and a net margin of 3.26%. The business had revenue of C$615.66 million for the quarter, compared to analyst estimates of C$581.10 million. On average, research analysts expect that Aritzia will post 1.7771148 EPS for the current year.

Insider Activity

In related news, Director Jennifer Wong sold 2,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$46.00, for a total value of C$92,000.00. Also, Senior Officer Karen Kwan sold 6,500 shares of Aritzia stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of C$46.00, for a total transaction of C$299,000.00. Insiders sold a total of 77,300 shares of company stock valued at $3,565,800 in the last quarter. Company 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.