Canaccord Genuity Group Raises Aritzia (TSE:ATZ) Price Target to C$46.00

Aritzia (TSE:ATZ) had its target price raised by equities researchers at Canaccord Genuity Group from C$42.00 to C$46.00 in a research note issued on Friday, BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential downside of 3.34% from the company’s current price.

Several other research analysts have also issued reports on ATZ. Raymond James decreased their price target on shares of Aritzia from C$46.00 to C$43.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Stifel Nicolaus raised their price objective on shares of Aritzia from C$42.00 to C$50.00 and gave the company a “buy” rating in a research note on Friday. TD Securities increased their price target on shares of Aritzia from C$46.00 to C$50.00 in a report on Friday. Royal Bank of Canada raised their price target on shares of Aritzia from C$46.00 to C$47.00 in a report on Friday. Finally, BMO Capital Markets boosted their price target on Aritzia from C$50.00 to C$52.00 in a research note on Friday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$46.67.

Aritzia Trading Up 14.6 %

Shares of TSE ATZ traded up C$6.08 during trading hours on Friday, hitting C$47.59. The company’s stock had a trading volume of 1,057,033 shares, compared to its average volume of 362,915. The business has a 50-day simple moving average of C$36.39 and a 200-day simple moving average of C$35.10. The stock has a market cap of C$4.33 billion, a price-to-earnings ratio of 68.91, a P/E/G ratio of 1.19 and a beta of 1.84. The company has a debt-to-equity ratio of 99.80, a quick ratio of 0.19 and a current ratio of 1.40. Aritzia has a 12 month low of C$20.67 and a 12 month high of C$47.76.

Aritzia (TSE:ATZ) last posted its earnings results on Thursday, May 2nd. The company reported C$0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.29 by C($0.08). The business had revenue of C$681.97 million for the quarter, compared to analysts’ expectations of C$681.70 million. Aritzia had a net margin of 3.38% and a return on equity of 10.55%. On average, analysts anticipate that Aritzia will post 1.7411386 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Aritzia news, Senior Officer Karen Kwan sold 3,000 shares of Aritzia stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of C$33.00, for a total transaction of C$99,000.00. In other news, Senior Officer Karen Kwan sold 3,000 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of C$33.00, for a total transaction of C$99,000.00. Also, Senior Officer David John Maciver sold 173,254 shares of Aritzia stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$36.64, for a total transaction of C$6,348,026.56. In the last ninety days, insiders sold 185,254 shares of company stock valued at $6,750,057. 0.55% of the stock is owned by corporate insiders.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.