CIBC Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ) had its price target increased by investment analysts at CIBC from C$63.00 to C$75.00 in a research note issued on Sunday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective indicates a potential upside of 16.24% from the company’s current price.

Several other equities analysts have also commented on the company. Stifel Nicolaus increased their price objective on Aritzia from C$58.00 to C$66.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Royal Bank of Canada increased their price target on shares of Aritzia from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. BMO Capital Markets boosted their price objective on shares of Aritzia from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Canaccord Genuity Group lifted their target price on shares of Aritzia from C$62.00 to C$70.00 and gave the stock a “buy” rating in a research report on Sunday. Finally, Raymond James lowered shares of Aritzia from an “outperform” rating to a “market perform” rating and upped their price target for the company from C$52.50 to C$58.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$66.56.

Aritzia Trading Down 4.9 %

Shares of ATZ stock opened at C$64.52 on Friday. The company has a market capitalization of C$5.92 billion, a PE ratio of 94.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. Aritzia has a 52-week low of C$31.82 and a 52-week high of C$67.94. The business’s fifty day moving average is C$50.25 and its 200 day moving average is C$46.82. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40.

Insider Buying and Selling at Aritzia

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$46.00, for a total value of C$920,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of Aritzia stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$46.00, for a total transaction of C$174,800.00. Over the last quarter, insiders have sold 77,300 shares of company stock worth $3,565,800. 0.94% of the stock is currently owned by company insiders.

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.