Aritzia (TSE:ATZ) Rating Increased to Moderate Buy at Desjardins

Aritzia (TSE:ATZ) was upgraded by Desjardins to a “moderate buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research analysts have also weighed in on ATZ. Royal Bank of Canada increased their price target on Aritzia from C$65.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. TD Securities increased their target price on Aritzia from C$68.00 to C$75.00 and gave the stock a “buy” rating in a research report on Sunday, January 12th. CIBC raised their price target on Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Sunday, January 12th. Canaccord Genuity Group upped their price objective on shares of Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a research note on Sunday, January 12th. Finally, Stifel Nicolaus increased their price objective on shares of Aritzia from C$66.00 to C$70.00 and gave the stock a “buy” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$69.60.

Aritzia Stock Performance

Shares of ATZ opened at C$67.08 on Tuesday. Aritzia has a 1 year low of C$31.82 and a 1 year high of C$73.44. The company’s 50 day simple moving average is C$64.04 and its 200 day simple moving average is C$52.48. The company has a market capitalization of C$8.00 billion, a price-to-earnings ratio of 58.94, a PEG ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29.

Insider Transactions at Aritzia

In related news, Senior Officer Margot Johnson sold 3,500 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of C$72.14, for a total transaction of C$252,490.00. Also, Senior Officer Karen Kwan sold 29,966 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of C$65.96, for a total value of C$1,976,557.36. Insiders have sold a total of 56,298 shares of company stock worth $3,801,028 in the last three months. 0.94% of the stock is currently owned by company insiders.

About Aritzia

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories.