TD Securities Raises Aritzia (TSE:ATZ) Price Target to C$81.00

Aritzia (TSE:ATZ) had its price objective lifted by stock analysts at TD Securities from C$70.00 to C$81.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 18.04% from the company’s previous close.

ATZ has been the topic of a number of other research reports. Royal Bank of Canada upped their price target on Aritzia from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a report on Sunday, May 4th. Stifel Nicolaus reduced their price objective on Aritzia from C$73.00 to C$66.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Canaccord Genuity Group reduced their price target on shares of Aritzia from C$70.00 to C$64.00 and set a “buy” rating for the company in a report on Friday, May 2nd. BMO Capital Markets reduced their price target on shares of Aritzia from C$74.00 to C$67.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Finally, UBS Group increased their target price on Aritzia from C$61.00 to C$66.00 in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$67.40.

Aritzia Stock Performance

ATZ traded up C$0.97 during trading on Monday, hitting C$68.62. 218,329 shares of the stock were exchanged, compared to its average volume of 715,666. Aritzia has a 1-year low of C$35.72 and a 1-year high of C$73.44. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The firm has a market capitalization of C$8.19 billion, a P/E ratio of 60.29, a PEG ratio of 1.19 and a beta of 1.83. The stock has a fifty day moving average price of C$54.66 and a two-hundred day moving average price of C$57.24.

Insider Buying and Selling

In other Aritzia news, Senior Officer David John Maciver sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of C$68.06, for a total value of C$340,300.00. Also, Director Jennifer Wong sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of C$68.25, for a total value of C$1,023,750.00. Insiders sold a total of 60,000 shares of company stock valued at $4,042,550 over the last three months. Company insiders own 0.94% of the company’s stock.

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.