Aritzia (TSE:ATZ) Price Target Raised to C$62.00 at Canaccord Genuity Group

Aritzia (TSE:ATZ) had its price target lifted by equities researchers at Canaccord Genuity Group from C$56.00 to C$62.00 in a research note issued to investors on Monday,BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 8.94% from the stock’s current price.

Several other research firms have also recently commented on ATZ. BMO Capital Markets raised their target price on Aritzia from C$57.00 to C$60.00 in a research report on Thursday, December 19th. TD Securities lifted their price objective on shares of Aritzia from C$58.00 to C$68.00 in a research note on Monday. 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. Stifel Nicolaus boosted their price target on shares of Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. Finally, CIBC upped their price target on shares of Aritzia from C$60.00 to C$63.00 in a research note on Monday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$60.89.

Aritzia Trading Down 2.2 %

TSE:ATZ opened at C$56.91 on Monday. Aritzia has a 12-month low of C$24.96 and a 12-month high of C$59.18. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19. The business has a 50 day simple moving average of C$48.81 and a 200 day simple moving average of C$46.13. The firm has a market capitalization of C$5.23 billion, a P/E ratio of 83.69, a P/E/G ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last released its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The firm had revenue of C$615.66 million during the quarter, compared to analyst estimates of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. Equities research analysts predict that Aritzia will post 1.7771148 EPS for the current year.

Insider Transactions at Aritzia

In other Aritzia news, Senior Officer Karen Kwan sold 3,800 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$46.00, for a total value of C$174,800.00. Also, Director Jennifer Wong sold 2,000 shares of Aritzia stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total transaction of C$92,000.00. Insiders have sold 77,300 shares of company stock valued at $3,565,800 in the last quarter. 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.