BMO Capital Markets Increases Aritzia (TSE:ATZ) Price Target to C$57.00

Aritzia (TSE:ATZ) had its target price boosted by research analysts at BMO Capital Markets from C$52.00 to C$57.00 in a note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 20.76% from the stock’s previous close.

A number of other equities analysts also recently issued reports on ATZ. CIBC increased their price target on shares of Aritzia from C$47.00 to C$60.00 in a report on Friday. TD Securities dropped their target price on shares of Aritzia from C$60.00 to C$58.00 in a report on Friday. UBS Group boosted their price target on Aritzia from C$53.00 to C$54.00 in a research note on Friday, July 12th. Stifel Nicolaus raised their price objective on Aritzia from C$50.00 to C$58.00 in a research note on Friday. Finally, Royal Bank of Canada lifted their price objective on Aritzia from C$47.00 to C$56.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 2nd. One equities research 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 presently has an average rating of “Moderate Buy” and a consensus target price of C$55.38.

Aritzia Price Performance

Shares of ATZ opened at C$47.20 on Friday. The firm has a market capitalization of C$4.33 billion, a PE ratio of 69.41, a P/E/G ratio of 1.19 and a beta of 1.83. The stock’s 50 day moving average is C$46.60 and its two-hundred day moving average is C$40.70. Aritzia has a twelve month low of C$20.67 and a twelve month high of C$51.80. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share 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 analyst estimates of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. Research analysts anticipate that Aritzia will post 1.7771148 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Karen Kwan sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of C$47.70, for a total value of C$477,000.00. In other Aritzia news, Director Jennifer Wong sold 11,800 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total transaction of C$563,450.00. Also, Senior Officer Karen Kwan sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of C$47.70, for a total value of C$477,000.00. Company insiders own 0.94% of the company’s stock.

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.