Aritzia Inc. (TSE:ATZ) Director Sells C$920,000.00 in Stock

Aritzia Inc. (TSE:ATZ) Director Jennifer Wong sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$46.00, for a total transaction of C$920,000.00.

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

• 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 transaction of C$92,000.00.

Aritzia Stock Performance

Aritzia stock opened at C$46.45 on Thursday. The firm’s 50 day simple moving average is C$46.79 and its 200-day simple moving average is C$42.30. 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 company has a market cap of C$4.27 billion, a P/E ratio of 68.31, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. Aritzia Inc. has a fifty-two week low of C$22.88 and a fifty-two week high of C$51.80.

Aritzia (TSE:ATZ) last posted its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 EPS 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 analyst estimates of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. As a group, equities research analysts predict that Aritzia Inc. will post 1.7771148 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. CIBC boosted their target price on shares of Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th. Royal Bank of Canada raised Aritzia from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 31st. TD Securities lowered their price target on shares of Aritzia from C$60.00 to C$58.00 in a research report on Friday, October 11th. Canaccord Genuity Group increased their target price on Aritzia from C$46.00 to C$52.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, Stifel Nicolaus increased their price objective on shares of Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price 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.