Stifel Nicolaus Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its price target lifted by Stifel Nicolaus from C$58.00 to C$66.00 in a research note issued on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price objective would suggest a potential upside of 15.71% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. CIBC increased their price target on shares of Aritzia from C$60.00 to C$63.00 in a report on Monday. Canaccord Genuity Group increased their target price on shares of Aritzia from C$56.00 to C$62.00 in a research note on Monday. TD Securities boosted their price target on shares of Aritzia from C$58.00 to C$68.00 in a research report on Monday. Royal Bank of Canada raised shares of Aritzia from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 31st. Finally, BMO Capital Markets lifted their price objective on Aritzia from C$57.00 to C$60.00 in a research note on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$60.89.

Aritzia Trading Up 0.2 %

TSE:ATZ opened at C$57.04 on Tuesday. Aritzia has a 1 year low of C$25.32 and a 1 year high of C$59.18. The stock’s fifty day moving average price is C$48.81 and its two-hundred day moving average price is C$46.13. 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$5.24 billion, a P/E ratio of 83.88, a P/E/G ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last issued its quarterly earnings data 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). 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 analysts’ expectations of C$581.10 million. As a group, analysts expect that Aritzia will post 1.7771148 EPS for the current year.

Insider Buying and Selling at Aritzia

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of the company’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. Also, Senior Officer Karen Kwan sold 3,800 shares of Aritzia stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$174,800.00. Insiders have sold 77,300 shares of company stock worth $3,565,800 over the last 90 days. Corporate insiders own 0.94% of the company’s stock.

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.