Aritzia (TSE:ATZ) Announces Earnings Results

Aritzia (TSE:ATZ) announced its quarterly earnings data on Thursday. The company reported C$0.11 earnings per share for the quarter, missing the consensus estimate of C$0.13 by C($0.02), reports. 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%.

Aritzia Stock Down 5.6 %

Shares of Aritzia stock opened at C$47.20 on Friday. The company’s 50 day moving average price is C$46.60 and its 200-day moving average price is C$40.70. Aritzia has a 52-week low of C$20.67 and a 52-week high of C$51.80. 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 market capitalization of C$4.33 billion, a price-to-earnings ratio of 69.41, a P/E/G ratio of 1.19 and a beta of 1.83.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ATZ shares. Stifel Nicolaus raised their price target on Aritzia from C$50.00 to C$58.00 in a report on Friday. Raymond James lifted their target price on Aritzia from C$43.00 to C$48.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Canaccord Genuity Group increased their price target on shares of Aritzia from C$46.00 to C$52.00 and gave the stock a “buy” rating in a report on Monday, July 29th. BMO Capital Markets boosted their price objective on shares of Aritzia from C$52.00 to C$57.00 in a research note on Friday. Finally, UBS Group increased their target price on shares of Aritzia from C$53.00 to C$54.00 in a research note on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$55.38.

Insiders Place Their Bets

In other Aritzia news, Director Jennifer Wong sold 11,800 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total transaction of C$563,450.00. In other news, Director Jennifer Wong sold 11,800 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of C$47.75, for a total value of C$563,450.00. Also, Senior Officer Karen Kwan sold 10,000 shares of Aritzia stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total transaction of C$477,000.00. 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.