Analysts Set Aritzia Inc. (TSE:ATZ) Price Target at C$41.90

Aritzia Inc. (TSE:ATZ) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$41.90.

ATZ has been the subject of a number of recent analyst reports. Canaccord Genuity Group increased their target price on shares of Aritzia from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Stifel Nicolaus increased their price target on Aritzia from C$34.00 to C$42.00 in a research report on Wednesday, April 3rd. BMO Capital Markets raised Aritzia from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$41.00 to C$50.00 in a research note on Friday, May 3rd. CIBC lifted their price target on Aritzia from C$37.00 to C$41.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Finally, Raymond James decreased their price objective on shares of Aritzia from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd.

Aritzia Stock Performance

TSE ATZ opened at C$37.75 on Monday. Aritzia has a twelve month low of C$20.67 and a twelve month high of C$41.25. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 99.80. The stock has a market cap of C$3.43 billion, a P/E ratio of 54.71, a PEG ratio of 1.19 and a beta of 1.84. The company’s 50-day simple moving average is C$35.76 and its 200 day simple moving average is C$34.60.

Aritzia (TSE:ATZ) last released its quarterly earnings data 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 net margin of 3.38% and a return on equity of 10.55%. The company had revenue of C$681.97 million during the quarter, compared to the consensus estimate of C$681.70 million. As a group, research analysts forecast that Aritzia will post 1.7411386 earnings per share for the current fiscal year.

Insider Activity

In related news, Senior Officer Karen Kwan sold 3,000 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of C$33.00, for a total value of C$99,000.00. In other Aritzia news, Senior Officer Karen Kwan sold 3,000 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of C$33.00, for a total value of C$99,000.00. Also, Senior Officer David John Maciver sold 173,254 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$36.64, for a total transaction of C$6,348,026.56. Insiders have sold a total of 185,254 shares of company stock valued at $6,750,057 in the last 90 days. 0.55% of the stock is owned by company insiders.

About Aritzia

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.