Canaccord Genuity Group Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its price objective upped by investment analysts at Canaccord Genuity Group from C$56.00 to C$62.00 in a note issued to investors on Monday,BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 5.28% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. CIBC raised their target price on Aritzia from C$60.00 to C$63.00 in a report on Monday. Royal Bank of Canada upgraded shares of Aritzia from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 31st. Stifel Nicolaus boosted their price target on Aritzia from C$50.00 to C$58.00 in a report on Friday, October 11th. BMO Capital Markets raised their price objective on Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. Finally, TD Securities upped their price objective on shares of Aritzia from C$58.00 to C$68.00 in a research note on Monday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$57.89.

Aritzia Stock Performance

Shares of TSE:ATZ traded up C$1.29 on Monday, reaching C$58.89. The company’s stock had a trading volume of 533,226 shares, compared to its average volume of 580,559. Aritzia has a 52-week low of C$24.96 and a 52-week high of C$59.18. The stock’s 50-day moving average is C$48.24 and its two-hundred day moving average is C$45.85. 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 stock has a market capitalization of C$5.41 billion, a P/E ratio of 86.60, a PEG ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last issued its earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share 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 net margin of 3.26% and a return on equity of 9.84%. As a group, sell-side analysts forecast that Aritzia will post 1.7771148 EPS for the current year.

Insider Transactions at Aritzia

In other Aritzia news, Senior Officer Karen Kwan sold 3,800 shares of the business’s stock in a transaction dated 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 that occurred on Monday, November 18th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. In the last three months, insiders have sold 77,300 shares of company stock worth $3,565,800. 0.94% of the stock is currently owned by insiders.

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.