Aritzia (TSE:ATZ) Sets New 12-Month High After Analyst Upgrade

Aritzia Inc. (TSE:ATZ) reached a new 52-week high during trading on Friday after BMO Capital Markets raised their price target on the stock from C$60.00 to C$65.00. BMO Capital Markets currently has an outperform rating on the stock. Aritzia traded as high as C$64.40 and last traded at C$63.38, with a volume of 250623 shares. The stock had previously closed at C$56.99.

A number of other equities analysts also recently commented on the stock. Canaccord Genuity Group upped their target price on shares of Aritzia from C$56.00 to C$62.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Stifel Nicolaus raised their price objective on Aritzia from C$58.00 to C$66.00 and gave the stock a “buy” rating in a report on Tuesday. Raymond James cut Aritzia from an “outperform” rating to a “market perform” rating and upped their target price for the stock from C$52.50 to C$58.00 in a report on Tuesday. TD Securities increased their price target on Aritzia from C$58.00 to C$68.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Royal Bank of Canada lifted their price objective on Aritzia from C$56.00 to C$65.00 and gave the company an “outperform” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Aritzia presently has a consensus rating of “Moderate Buy” and a consensus target price of C$61.44.

Insider Transactions at Aritzia

In other Aritzia news, Senior Officer Karen Kwan sold 5,000 shares of the firm’s stock in a transaction 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 dated Monday, November 18th. The stock was sold at an average price of C$46.00, for a total value of C$920,000.00. In the last three months, insiders sold 77,300 shares of company stock valued at $3,565,800. Corporate insiders own 0.94% of the company’s stock.

Aritzia Stock Performance

The company has a market capitalization of C$6.23 billion, a PE ratio of 99.79, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The firm’s fifty day simple moving average is C$49.39 and its 200 day simple moving average is C$46.33. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19.

Aritzia (TSE:ATZ) last released its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.02). The company had revenue of C$615.66 million during 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%. On average, research analysts predict that Aritzia Inc. 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.