Insider Selling: Aritzia Inc. (TSE:ATZ) Director Sells C$930,000.00 in Stock

Aritzia Inc. (TSE:ATZ) Director Jennifer Wong sold 20,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of C$46.50, for a total transaction of C$930,000.00.

Jennifer Wong also recently made the following trade(s):

• On Monday, November 11th, Jennifer Wong sold 20,000 shares of Aritzia stock. The shares were sold at an average price of C$46.00, for a total value of C$920,000.00.
• On Friday, November 8th, Jennifer Wong sold 2,000 shares of Aritzia stock. The stock was sold at an average price of C$46.00, for a total value of C$92,000.00.

Aritzia Trading Down 1.7 %

TSE ATZ opened at C$43.86 on Thursday. The company has a 50-day moving average of C$46.77 and a 200-day moving average of C$42.59. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19. Aritzia Inc. has a 12 month low of C$22.88 and a 12 month high of C$51.80. The company has a market cap of C$4.03 billion, a P/E ratio of 64.21, a P/E/G ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last released its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 EPS for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). Aritzia had a return on equity of 9.84% and a net margin of 3.26%. The firm had revenue of C$615.66 million for the quarter, compared to analyst estimates of C$581.10 million. As a group, equities analysts predict that Aritzia Inc. will post 1.7771148 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on ATZ. Royal Bank of Canada raised Aritzia from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 31st. Stifel Nicolaus boosted their target price on Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. BMO Capital Markets raised their price target on Aritzia from C$52.00 to C$57.00 in a research report on Friday, October 11th. TD Securities decreased their price objective on shares of Aritzia from C$60.00 to C$58.00 in a research report on Friday, October 11th. Finally, Canaccord Genuity Group raised their target price on shares of Aritzia from C$46.00 to C$52.00 and gave the company a “buy” rating in a report on Monday, July 29th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$55.38.

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.