Aritzia (TSE:ATZ) PT Set at C$73.00 by Stifel Nicolaus

Aritzia (TSE:ATZ) has been given a C$73.00 target price by analysts at Stifel Nicolaus in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 39.31% from the stock’s current price.

A number of other brokerages also recently issued reports on ATZ. Canaccord Genuity Group lifted their price objective 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, January 12th. BMO Capital Markets lifted their price target on shares of Aritzia from C$68.00 to C$80.00 in a report on Friday, February 14th. TD Securities increased their price objective on Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a report on Sunday, January 12th. Desjardins set a C$82.00 target price on Aritzia and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, Raymond James boosted their target price on Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$62.52.

Aritzia Stock Performance

ATZ stock opened at C$52.40 on Thursday. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The business has a 50-day moving average price of C$65.80 and a 200 day moving average price of C$53.92. The company has a market capitalization of C$6.25 billion, a P/E ratio of 46.04, a PEG ratio of 1.19 and a beta of 1.83. Aritzia has a 1-year low of C$31.82 and a 1-year high of C$73.44.

Insider Buying and Selling at Aritzia

In other Aritzia news, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of C$68.50, for a total transaction of C$493,200.00. Also, Director Jennifer Wong sold 12,609 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of C$68.75, for a total value of C$866,868.75. In the last 90 days, insiders have sold 56,298 shares of company stock worth $3,801,028. 0.94% of the stock is currently owned by insiders.

About Aritzia

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories.