Stifel Nicolaus Boosts Aritzia (TSE:ATZ) Price Target to C$70.00

Aritzia (TSE:ATZ) had its price objective upped by investment analysts at Stifel Nicolaus from C$66.00 to C$70.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 5.49% from the stock’s current price.

ATZ has been the subject of several other research reports. Canaccord Genuity Group upped their target price on shares of Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a research report on Sunday. Royal Bank of Canada upped their price objective on Aritzia from C$56.00 to C$65.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. 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. BMO Capital Markets upped their price target on Aritzia from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Finally, CIBC lifted their price objective on shares of Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Sunday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Aritzia currently has an average rating of “Moderate Buy” and a consensus price target of C$66.56.

Aritzia Trading Up 2.9 %

ATZ opened at C$66.36 on Monday. The firm has a 50 day simple moving average of C$50.66 and a 200 day simple moving average of C$46.95. Aritzia has a fifty-two week low of C$31.82 and a fifty-two week high of C$67.94. The company has a market cap of C$6.09 billion, a price-to-earnings ratio of 97.59, 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 current ratio of 1.40 and a quick ratio of 0.19.

Insider Activity

In other news, Senior Officer Karen Kwan sold 3,800 shares of the business’s stock in a transaction on 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 20,000 shares of the firm’s stock in a transaction on 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 worth $3,565,800 over the last quarter. 0.94% of the stock is currently owned by company insiders.

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.