Aritzia (TSE:ATZ) Price Target Raised to C$60.00

Aritzia (TSE:ATZ) had its price objective boosted by CIBC from C$47.00 to C$60.00 in a report issued on Friday, BayStreet.CA reports.

Several other equities research analysts have also issued reports on the stock. Canaccord Genuity Group lifted their price target on shares of Aritzia from C$46.00 to C$52.00 and gave the company a buy rating in a report on Monday, July 29th. UBS Group boosted their target price on shares of Aritzia from C$53.00 to C$54.00 in a report on Friday, July 12th. Royal Bank of Canada raised their price objective on shares of Aritzia from C$47.00 to C$56.00 and gave the stock a sector perform rating in a research report on Wednesday, October 2nd. Stifel Nicolaus upped their target price on Aritzia from C$50.00 to C$58.00 in a research report on Friday. Finally, TD Securities dropped their target price on Aritzia from C$60.00 to C$58.00 in a report on Friday. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Aritzia presently has a consensus rating of Moderate Buy and an average target price of C$55.38.

Aritzia Stock Down 5.6 %

Shares of TSE ATZ opened at C$47.20 on Friday. The stock’s fifty day moving average is C$46.60 and its 200 day moving average is C$40.70. The stock has a market capitalization of C$4.33 billion, a P/E ratio of 69.41, a PEG 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. Aritzia has a 52 week low of C$20.67 and a 52 week high of C$51.80.

Aritzia (TSE:ATZ) last announced its quarterly earnings data 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 net margin of 3.26% and a return on equity of 9.84%. The firm had revenue of C$615.66 million during the quarter, compared to the consensus estimate of C$581.10 million. Sell-side analysts forecast that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insider Transactions at Aritzia

In other Aritzia news, Director Jennifer Wong sold 11,800 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of C$47.75, for a total transaction of C$563,450.00. In other news, Director Jennifer Wong sold 11,800 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of C$47.75, for a total value of C$563,450.00. Also, Senior Officer Karen Kwan sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total transaction of C$477,000.00. 0.94% of the stock is owned by corporate 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.