Aritzia Inc. (TSE:ATZ) Given Consensus Rating of “Moderate Buy” by Brokerages

Aritzia Inc. (TSE:ATZ) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$68.22.

Several research firms recently weighed in on ATZ. Raymond James boosted their target price on Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. Royal Bank of Canada raised their price objective on Aritzia from C$65.00 to C$73.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. TD Securities upped their target price on Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a research report on Sunday, January 12th. BMO Capital Markets upped their price target on shares of Aritzia from C$68.00 to C$80.00 in a research report on Friday. Finally, CIBC increased their price objective on Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Sunday, January 12th.

Insider Buying and Selling

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$46.00, for a total transaction of C$920,000.00. Also, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of Aritzia stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of C$68.50, for a total transaction of C$493,200.00. Insiders have sold 76,298 shares of company stock valued at $4,721,028 over the last quarter. Company insiders own 0.94% of the company’s stock.

Aritzia Stock Down 1.4 %

ATZ stock opened at C$68.63 on Tuesday. The company’s 50 day moving average price is C$61.58 and its 200 day moving average price is C$51.35. The firm has a market capitalization of C$8.19 billion, a price-to-earnings ratio of 60.30, a PEG ratio of 1.19 and a beta of 1.83. Aritzia has a fifty-two week low of C$31.82 and a fifty-two week high of C$73.44. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29.

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.