Aritzia Inc. (TSE:ATZ) Receives Average Rating of “Buy” from Brokerages

Shares of Aritzia Inc. (TSE:ATZ) have been assigned an average rating of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$55.75.

A number of analysts have weighed in on ATZ shares. CIBC raised their price target on Aritzia from C$47.00 to C$60.00 in a research note on Friday, October 11th. Stifel Nicolaus increased their price objective on Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. TD Securities reduced their price objective on shares of Aritzia from C$60.00 to C$58.00 in a research report on Friday, October 11th. BMO Capital Markets raised their price objective on shares of Aritzia from C$57.00 to C$60.00 in a research note on Thursday. Finally, Royal Bank of Canada upgraded shares of Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st.

Insider Buying and Selling

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. Also, Senior Officer Karen Kwan sold 5,000 shares of Aritzia stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of C$46.00, for a total transaction of C$230,000.00. Over the last 90 days, insiders have sold 77,300 shares of company stock worth $3,565,800. 0.94% of the stock is owned by insiders.

Aritzia Price Performance

Shares of ATZ opened at C$53.95 on Monday. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. Aritzia has a fifty-two week low of C$24.76 and a fifty-two week high of C$55.00. The company has a market cap of C$4.95 billion, a P/E ratio of 79.34, a PEG ratio of 1.19 and a beta of 1.83. The firm’s 50 day moving average price is C$46.62 and its 200 day moving average price is C$44.69.

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 the consensus estimate 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 company had revenue of C$615.66 million during the quarter, compared to analyst estimates of C$581.10 million. On average, research analysts forecast that Aritzia will post 1.7771148 earnings per share for the current fiscal 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.