Aritzia Inc. (TSE:ATZ) Given Average Rating of “Buy” by Analysts

Aritzia Inc. (TSE:ATZ) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$55.38.

ATZ has been the topic of several research reports. TD Securities lowered their price target on shares of Aritzia from C$60.00 to C$58.00 in a research report on Friday, October 11th. Royal Bank of Canada upgraded shares of Aritzia from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 31st. CIBC increased their target price on Aritzia from C$47.00 to C$60.00 in a research report on Friday, October 11th. Stifel Nicolaus lifted their price target on Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. Finally, BMO Capital Markets increased their price objective on Aritzia from C$52.00 to C$57.00 in a report on Friday, October 11th.

Insider Buying and Selling at Aritzia

In related news, Director Jennifer Wong sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$92,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$174,800.00. Insiders have sold a total of 77,300 shares of company stock valued at $3,565,800 in the last 90 days. Corporate insiders own 0.94% of the company’s stock.

Aritzia Stock Up 2.6 %

Aritzia stock opened at C$46.08 on Thursday. The firm has a 50 day moving average price of C$46.55 and a 200-day moving average price of C$42.78. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. Aritzia has a twelve month low of C$22.88 and a twelve month high of C$51.80. The company has a market capitalization of C$4.23 billion, a P/E ratio of 67.76, a P/E/G ratio of 1.19 and a beta of 1.83.

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

About Aritzia

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.