Stifel Nicolaus Raises Aritzia (TSE:ATZ) Price Target to C$58.00

Aritzia (TSE:ATZ) had its target price lifted by Stifel Nicolaus from C$50.00 to C$58.00 in a research report released on Friday morning, BayStreet.CA reports.

Several other analysts have also commented on the company. TD Securities cut their price objective on Aritzia from C$60.00 to C$58.00 in a report on Friday. CIBC increased their price objective 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. Raymond James lifted their target price on Aritzia from C$43.00 to C$48.00 and gave the stock an outperform rating in a report on Monday, July 15th. Royal Bank of Canada boosted their target price on shares of Aritzia from C$47.00 to C$56.00 and gave the stock a sector perform rating in a report on Wednesday, October 2nd. Finally, Canaccord Genuity Group boosted their price objective on shares of Aritzia from C$46.00 to C$52.00 and gave the company a buy rating in a research report on Monday, July 29th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of C$55.38.

Aritzia Stock Down 5.6 %

Shares of TSE ATZ opened at C$47.20 on Friday. The company has a market cap of C$4.33 billion, a price-to-earnings ratio of 69.41, a PEG ratio of 1.19 and a beta of 1.83. Aritzia has a 52 week low of C$20.67 and a 52 week high of C$51.80. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. The firm’s fifty day moving average is C$46.60 and its 200 day moving average is C$40.70.

Aritzia (TSE:ATZ) last announced its earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.02). The firm had revenue of C$615.66 million during the quarter, compared to the consensus estimate of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. On average, equities research analysts expect that Aritzia will post 1.7771148 earnings per share for the current year.

Insiders Place Their Bets

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

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.