TD Securities Boosts Aritzia (TSE:ATZ) Price Target to C$75.00

Aritzia (TSE:ATZ) had its price target raised by TD Securities from C$68.00 to C$75.00 in a research report sent to investors on Sunday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. Royal Bank of Canada boosted their target price on shares of Aritzia from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Canaccord Genuity Group boosted their price objective on shares of Aritzia from C$56.00 to C$62.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Raymond James cut Aritzia from an “outperform” rating to a “market perform” rating and raised their target price for the stock from C$52.50 to C$58.00 in a report on Tuesday, January 7th. Stifel Nicolaus boosted their price target on Aritzia from C$58.00 to C$66.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, CIBC raised their price objective on Aritzia from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$64.44.

Aritzia Price Performance

TSE ATZ opened at C$67.86 on Friday. The stock has a market capitalization of C$6.23 billion, a price-to-earnings ratio of 99.79, a PEG ratio of 1.19 and a beta of 1.83. Aritzia has a 1-year low of C$29.55 and a 1-year high of C$67.94. 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’s fifty day moving average price is C$49.86 and its 200-day moving average price is C$46.63.

Aritzia (TSE:ATZ) last announced its 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). The firm had revenue of C$615.66 million during the quarter, compared to analysts’ expectations of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. On average, equities analysts predict that Aritzia will post 1.7771148 earnings per share for the current year.

Insider Transactions at Aritzia

In other news, Director Jennifer Wong sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 11th. 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 3,800 shares of Aritzia stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$174,800.00. Insiders sold a total of 77,300 shares of company stock valued at $3,565,800 over the last 90 days. Company insiders own 0.94% of the company’s stock.

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.