Aritzia (TSE:ATZ) Price Target Raised to C$60.00

Aritzia (TSE:ATZ) had its target price upped by BMO Capital Markets from C$57.00 to C$60.00 in a report released on Thursday morning,BayStreet.CA reports.

A number of other research firms also recently commented on ATZ. CIBC raised their target price on shares of Aritzia from C$47.00 to C$60.00 in a research report on Friday, October 11th. TD Securities cut their price objective on shares of Aritzia from C$60.00 to C$58.00 in a report on Friday, October 11th. Royal Bank of Canada upgraded Aritzia from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus increased their target price on Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$55.75.

Aritzia Trading Up 5.1 %

Shares of TSE:ATZ opened at C$53.95 on Thursday. Aritzia has a 12-month low of C$24.76 and a 12-month high of C$55.00. The stock has a 50 day moving average of C$46.62 and a 200 day moving average of C$44.61. The company has a market cap of C$4.95 billion, a PE ratio of 79.34, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. 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 (TSE:ATZ) last issued its earnings results on Thursday, October 10th. The company reported C$0.11 EPS for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The company had revenue of C$615.66 million for the quarter, compared to analysts’ expectations of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. As a group, equities research analysts expect that Aritzia will post 1.7771148 EPS for the current year.

Insider Transactions at Aritzia

In other news, Senior Officer Karen Kwan sold 5,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of C$46.00, for a total transaction of C$230,000.00. Also, Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. Over the last three months, insiders have sold 77,300 shares of company stock valued at $3,565,800. Corporate insiders own 0.94% of the company’s stock.

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.