Royal Bank of Canada Increases Aritzia (TSE:ATZ) Price Target to C$56.00

Aritzia (TSE:ATZ) had its price target increased by equities researchers at Royal Bank of Canada from C$47.00 to C$56.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 13.89% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Canaccord Genuity Group lifted their price objective on Aritzia from C$46.00 to C$52.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Raymond James raised their target price on Aritzia from C$43.00 to C$48.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. CIBC raised their price target on shares of Aritzia from C$41.00 to C$47.00 and gave the company an “outperform” rating in a report on Monday, July 15th. TD Securities raised their price objective on shares of Aritzia from C$46.00 to C$50.00 in a research report on Friday, July 12th. Finally, BMO Capital Markets raised their price objective on Aritzia from C$50.00 to C$52.00 in a research note on Friday, July 12th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$51.13.

Aritzia Stock Up 0.3 %

Shares of Aritzia stock traded up C$0.14 during trading hours on Wednesday, reaching C$49.17. 85,103 shares of the company’s stock were exchanged, compared to its average volume of 352,259. The stock has a market cap of C$4.52 billion, a P/E ratio of 72.31, a P/E/G ratio of 1.19 and a beta of 1.82. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. Aritzia has a fifty-two week low of C$20.67 and a fifty-two week high of C$51.65. The company has a 50 day moving average of C$45.80 and a two-hundred day moving average of C$40.01.

Aritzia (TSE:ATZ) last issued its earnings results on Thursday, July 11th. The company reported C$0.16 EPS for the quarter, beating the consensus estimate of C$0.13 by C$0.03. The company had revenue of C$498.63 million during the quarter, compared to analysts’ expectations of C$487.16 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. On average, sell-side analysts forecast that Aritzia will post 1.8012959 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Jennifer Wong sold 11,800 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total value of C$563,450.00. In related news, Senior Officer Karen Kwan sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total value of C$477,000.00. Also, Director Jennifer Wong sold 11,800 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total value of C$563,450.00. 0.94% of the stock is owned by company insiders.

Aritzia Company Profile

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.