BMO Capital Markets Boosts Aritzia (TSE:ATZ) Price Target to C$57.00

Aritzia (TSE:ATZ) had its price objective boosted by BMO Capital Markets from C$52.00 to C$57.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

A number of other research analysts have also weighed in on ATZ. TD Securities reduced their price target on Aritzia from C$60.00 to C$58.00 in a research note on Friday. CIBC upped their target price on Aritzia from C$47.00 to C$60.00 in a report on Friday. Royal Bank of Canada raised their price target on Aritzia from C$47.00 to C$56.00 and gave the company a sector perform rating in a report on Wednesday, October 2nd. Stifel Nicolaus boosted their target price on shares of Aritzia from C$50.00 to C$58.00 in a report on Friday. Finally, Canaccord Genuity Group increased their target price on Aritzia from C$46.00 to C$52.00 and gave the company a buy rating in a report on Monday, July 29th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of C$55.38.

Aritzia Stock Down 5.6 %

Aritzia stock opened at C$47.20 on Friday. The stock has a market capitalization of C$4.33 billion, a price-to-earnings ratio of 69.41, a PEG ratio of 1.19 and a beta of 1.83. The stock has a 50 day moving average of C$46.60 and a two-hundred day moving average of C$40.70. 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 has a twelve month low of C$20.67 and a twelve month high of C$51.80.

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). The company had revenue of C$615.66 million during the quarter, compared to analysts’ expectations of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. As a group, research analysts expect that Aritzia will post 1.7771148 earnings per share for the current year.

Insider Buying and Selling at Aritzia

In related news, Senior Officer Karen Kwan sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of C$47.70, for a total transaction of C$477,000.00. In other Aritzia news, Senior Officer Karen Kwan sold 10,000 shares of Aritzia stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total value of C$477,000.00. Also, Director Jennifer Wong sold 11,800 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total transaction of C$563,450.00. 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.