Raymond James Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ) had its price objective hoisted by equities researchers at Raymond James from C$58.00 to C$65.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ price objective would suggest a potential downside of 2.05% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. CIBC boosted their price target on shares of Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Sunday. BMO Capital Markets lifted their target price on Aritzia from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Royal Bank of Canada boosted their price target on Aritzia from C$56.00 to C$65.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Stifel Nicolaus raised their target price on shares of Aritzia from C$66.00 to C$70.00 and gave the company a “buy” rating in a research report on Monday. Finally, TD Securities lifted their price target on Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a report on Sunday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$66.56.

Aritzia Trading Up 2.9 %

Shares of Aritzia stock opened at C$66.36 on Monday. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. The company has a fifty day moving average of C$50.66 and a 200 day moving average of C$46.95. The company has a market capitalization of C$6.09 billion, a P/E ratio of 97.59, a P/E/G ratio of 1.19 and a beta of 1.83. Aritzia has a fifty-two week low of C$31.82 and a fifty-two week high of C$67.94.

Insider Buying and Selling at Aritzia

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