Aritzia (TSE:ATZ – Free Report) had its target price lifted by Royal Bank of Canada from C$40.00 to C$46.00 in a research note published on Thursday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.
ATZ has been the subject of several other research reports. Raymond James dropped their price target on Aritzia from C$46.00 to C$43.00 and set an outperform rating for the company in a research report on Friday, May 3rd. CIBC boosted their target price on Aritzia from C$37.00 to C$41.00 and gave the company an outperform rating in a research report on Friday, May 3rd. BMO Capital Markets upgraded Aritzia from a market perform rating to an outperform rating and boosted their target price for the company from C$41.00 to C$50.00 in a research report on Friday, May 3rd. Canaccord Genuity Group boosted their target price on Aritzia from C$38.00 to C$40.00 and gave the company a buy rating in a research report on Friday, May 3rd. Finally, TD Securities boosted their target price on Aritzia from C$43.00 to C$46.00 and gave the company a buy rating in a research report on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, one has given 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$42.50.
Aritzia Trading Up 0.7 %
Aritzia (TSE:ATZ – Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$0.21 EPS for the quarter, missing the consensus estimate of C$0.29 by C($0.08). The company had revenue of C$681.97 million during the quarter, compared to analysts’ expectations of C$681.70 million. Aritzia had a return on equity of 10.55% and a net margin of 3.38%. As a group, research analysts forecast that Aritzia will post 1.7411386 EPS for the current year.
Insider Activity
In related news, Senior Officer Karen Kwan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of C$34.00, for a total value of C$170,000.00. In related news, Senior Officer Karen Kwan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of C$34.00, for a total value of C$170,000.00. Also, Senior Officer David John Maciver sold 173,254 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of C$36.64, for a total transaction of C$6,348,026.56. Over the last quarter, insiders sold 185,254 shares of company stock valued at $6,750,057. Corporate insiders own 0.55% of the company’s stock.
Aritzia Company Profile
Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.
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