Aritzia (TSE:ATZ) Stock Price Expected to Rise, TD Securities Analyst Says

Aritzia (TSE:ATZ) had its price target upped by equities researchers at TD Securities from C$58.00 to C$68.00 in a research note issued to investors on Monday,BayStreet.CA reports. TD Securities’ target price indicates a potential upside of 19.49% from the stock’s current price.

ATZ has been the topic of several other research reports. CIBC upped their price objective on Aritzia from C$47.00 to C$60.00 in a research note on Friday, October 11th. BMO Capital Markets increased their price objective on Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. Stifel Nicolaus lifted their target price on Aritzia from C$50.00 to C$58.00 in a report on Friday, October 11th. Finally, Royal Bank of Canada raised shares of Aritzia from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$60.89.

Aritzia Stock Performance

TSE ATZ opened at C$56.91 on Monday. The company has a market cap of C$5.23 billion, a P/E ratio of 83.69, a PEG ratio of 1.19 and a beta of 1.83. The company has a fifty day simple moving average of C$48.81 and a 200 day simple moving average of C$46.13. Aritzia has a 12-month low of C$24.96 and a 12-month high of C$59.18. 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 (TSE:ATZ) last announced its quarterly earnings results 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 return on equity of 9.84% and a net margin of 3.26%. The company had revenue of C$615.66 million for the quarter, compared to the consensus estimate of C$581.10 million. Sell-side analysts predict that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Karen Kwan sold 3,800 shares of the company’s stock in a transaction on Friday, November 8th. The stock was 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 the stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$92,000.00. Insiders sold 77,300 shares of company stock valued at $3,565,800 over the last quarter. 0.94% of the stock is owned by company insiders.

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.