Royal Bank of Canada Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ) had its price target lifted by equities research analysts at Royal Bank of Canada from C$56.00 to C$65.00 in a report issued on Tuesday,BayStreet.CA reports. Royal Bank of Canada’s price target points to a potential upside of 13.86% from the stock’s current price.

ATZ has been the topic of several other reports. Stifel Nicolaus increased their price target on Aritzia from C$58.00 to C$66.00 in a research report on Tuesday. CIBC raised their target price on Aritzia from C$60.00 to C$63.00 in a report on Monday. Canaccord Genuity Group raised their price objective on shares of Aritzia from C$56.00 to C$62.00 in a research note on Monday. BMO Capital Markets upped their price objective on shares of Aritzia from C$57.00 to C$60.00 in a research report on Thursday, December 19th. Finally, TD Securities raised their target price on Aritzia from C$58.00 to C$68.00 in a research report on Monday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$60.89.

Aritzia Stock Performance

Shares of TSE:ATZ traded down C$1.08 during trading on Tuesday, hitting C$57.09. The stock had a trading volume of 344,380 shares, compared to its average volume of 616,685. The stock has a 50-day simple moving average of C$48.53 and a two-hundred day simple moving average of C$46.05. The stock has a market capitalization of C$5.24 billion, a price-to-earnings ratio of 83.96, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. Aritzia has a 12-month low of C$24.96 and a 12-month high of C$59.18. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38.

Aritzia (TSE:ATZ) last posted its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The business had revenue of C$615.66 million for 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%. On average, equities research analysts expect that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jennifer Wong sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$92,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$174,800.00. Over the last 90 days, insiders have sold 77,300 shares of company stock worth $3,565,800. 0.94% of the stock is owned by corporate 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.