Aritzia (TSE:ATZ) Price Target Raised to C$65.00

Aritzia (TSE:ATZ) had its target price raised by BMO Capital Markets from C$60.00 to C$65.00 in a research note published on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research firms also recently weighed in on ATZ. Raymond James downgraded Aritzia from an “outperform” rating to a “market perform” rating and boosted their price target for the company from C$52.50 to C$58.00 in a research note on Tuesday, January 7th. Canaccord Genuity Group raised their price target on shares of Aritzia from C$56.00 to C$62.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada increased their price objective on shares of Aritzia from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. CIBC boosted their target price on shares of Aritzia from C$60.00 to C$63.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Finally, Stifel Nicolaus increased their price target on Aritzia from C$58.00 to C$66.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$61.44.

Aritzia Trading Up 19.1 %

Aritzia stock opened at C$67.86 on Thursday. Aritzia has a one year low of C$29.55 and a one year high of C$67.94. The stock has a market cap of C$6.23 billion, a PE ratio of 99.79, a price-to-earnings-growth 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. The stock has a 50-day moving average of C$49.86 and a two-hundred day moving average of C$46.52.

Aritzia (TSE:ATZ) last issued its quarterly 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). 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 for the quarter, compared to analyst estimates of C$581.10 million. On average, research analysts anticipate that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insider Buying and Selling at Aritzia

In related news, Senior Officer Karen Kwan sold 3,800 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$46.00, for a total transaction of C$174,800.00. Also, Director Jennifer Wong sold 20,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$46.00, for a total transaction of C$920,000.00. Insiders sold 77,300 shares of company stock valued at $3,565,800 over the last quarter. 0.94% of the stock is currently owned by 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.