Aritzia (TSE:ATZ) PT Raised to C$46.00 at TD Securities

Aritzia (TSE:ATZ) had its price objective hoisted by research analysts at TD Securities from C$43.00 to C$46.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 19.51% from the company’s previous close.

Several other equities research analysts also recently weighed in on ATZ. Canaccord Genuity Group upped their target price on Aritzia from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. BMO Capital Markets raised Aritzia from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$41.00 to C$50.00 in a research report on Friday, May 3rd. CIBC upped their target price on Aritzia from C$37.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Stifel Nicolaus boosted their price target on Aritzia from C$34.00 to C$42.00 in a research note on Wednesday, April 3rd. Finally, Raymond James cut their price target on Aritzia from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$41.90.

Aritzia Price Performance

ATZ stock opened at C$38.49 on Wednesday. Aritzia has a 12-month low of C$20.67 and a 12-month high of C$41.25. The stock has a 50-day moving average price of C$35.03 and a two-hundred day moving average price of C$33.70. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 99.80. The company has a market cap of C$3.50 billion, a PE ratio of 55.78, a price-to-earnings-growth ratio of 1.19 and a beta of 1.84.

Aritzia (TSE:ATZ) last issued its earnings results on Thursday, May 2nd. The company reported C$0.21 earnings per share for the quarter, missing the consensus estimate of C$0.29 by C($0.08). Aritzia had a return on equity of 10.55% and a net margin of 3.38%. The company had revenue of C$681.97 million during the quarter, compared to analysts’ expectations of C$681.70 million. As a group, research analysts predict that Aritzia will post 1.7411386 EPS for the current year.

Insider Buying and Selling at Aritzia

In other Aritzia news, Senior Officer Karen Kwan sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$34.00, for a total transaction of C$34,000.00. In other Aritzia news, Senior Officer David John Maciver sold 173,254 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of C$36.64, for a total transaction of C$6,348,026.56. Also, Senior Officer Karen Kwan sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$34.00, for a total value of C$34,000.00. Insiders have sold 185,254 shares of company stock worth $6,750,057 over the last quarter. 0.55% of the stock is owned by corporate insiders.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.