Aritzia (TSE:ATZ) Stock Price Expected to Rise, CIBC Analyst Says

Aritzia (TSE:ATZ) had its price target hoisted by equities research analysts at CIBC from C$60.00 to C$63.00 in a research note issued to investors on Monday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 10.70% from the stock’s current price.

A number of other equities analysts also recently commented on ATZ. TD Securities lifted their target price on shares of Aritzia from C$58.00 to C$68.00 in a research note on Monday. Stifel Nicolaus lifted their price target on shares of Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. BMO Capital Markets increased their price objective on Aritzia from C$57.00 to C$60.00 in a research report on Thursday, December 19th. Finally, Royal Bank of Canada upgraded Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$60.89.

Aritzia Price Performance

TSE:ATZ opened at C$56.91 on Monday. Aritzia has a one year low of C$24.96 and a one year high of C$59.18. The stock has a market cap of C$5.23 billion, a PE ratio of 83.69, a P/E/G ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. The stock has a 50 day moving average price of C$48.81 and a 200 day moving average price of C$46.13.

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

Insider Buying and Selling at Aritzia

In other news, Senior Officer Karen Kwan sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of C$46.00, for a total value of C$230,000.00. Also, Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$46.00, for a total transaction of C$920,000.00. Insiders have sold a total of 77,300 shares of company stock valued at $3,565,800 over the last quarter. 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.