Aritzia (TSE:ATZ) Price Target Raised to C$75.00

Aritzia (TSE:ATZGet Free Report) had its price target lifted by stock analysts at CIBC from C$63.00 to C$75.00 in a research report issued to clients and investors on Sunday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price points to a potential upside of 10.52% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada increased their target price on shares of Aritzia from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Stifel Nicolaus raised their price objective on shares of Aritzia from C$58.00 to C$66.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Raymond James downgraded Aritzia from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from C$52.50 to C$58.00 in a report on Tuesday, January 7th. Canaccord Genuity Group raised their price target on Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a report on Sunday. Finally, TD Securities boosted their price objective on Aritzia from C$68.00 to C$75.00 and gave the stock a “buy” rating in a research note on Sunday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$64.44.

View Our Latest Research Report on ATZ

Aritzia Trading Up 19.1 %

Shares of ATZ opened at C$67.86 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. The stock has a market cap of C$6.23 billion, a PE ratio of 99.79, a PEG ratio of 1.19 and a beta of 1.83. Aritzia has a 1 year low of C$29.55 and a 1 year high of C$67.94. The stock has a 50 day simple moving average of C$49.86 and a 200-day simple moving average of C$46.57.

Aritzia (TSE:ATZGet Free Report) last released its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of C$615.66 million for the quarter, compared to analyst estimates of C$581.10 million. On average, sell-side analysts predict that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insider Transactions at Aritzia

In other news, Senior Officer Karen Kwan sold 6,500 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of C$46.00, for a total value of C$299,000.00. Also, Director Jennifer Wong sold 20,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$46.00, for a total value of C$920,000.00. Insiders sold a total of 77,300 shares of company stock worth $3,565,800 over the last 90 days. 0.94% of the stock is owned by insiders.

Aritzia Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Aritzia (TSE:ATZ)

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