Aritzia (TSE:ATZ) Price Target Raised to C$46.00 at Canaccord Genuity Group

Aritzia (TSE:ATZ) had its price objective raised by equities research analysts at Canaccord Genuity Group from C$42.00 to C$46.00 in a research report issued on Friday, BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential downside of 3.48% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Aritzia from C$50.00 to C$52.00 in a report on Friday. UBS Group boosted their target price on shares of Aritzia from C$53.00 to C$54.00 in a report on Friday. CIBC boosted their target price on shares of Aritzia from C$37.00 to C$41.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Raymond James lowered their target price on shares of Aritzia from C$46.00 to C$43.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Finally, TD Securities lifted their price target on shares of Aritzia from C$46.00 to C$50.00 in a research report on Friday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$47.88.

Aritzia Stock Performance

Shares of TSE ATZ opened at C$47.66 on Friday. The company has a market cap of C$4.33 billion, a PE ratio of 69.07, a price-to-earnings-growth ratio of 1.19 and a beta of 1.84. Aritzia has a 12 month low of C$20.67 and a 12 month high of C$47.88. The company has a debt-to-equity ratio of 99.80, a current ratio of 1.40 and a quick ratio of 0.19. The company has a 50-day simple moving average of C$36.63 and a 200-day simple moving average of C$35.29.

Aritzia (TSE:ATZ) last released its earnings results on Thursday, May 2nd. The company reported C$0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.29 by C($0.08). Aritzia had a net margin of 3.38% and a return on equity of 10.55%. The company had revenue of C$681.97 million during the quarter, compared to analysts’ expectations of C$681.70 million. On average, equities analysts anticipate that Aritzia will post 1.7411386 earnings per share for the current year.

Insider Transactions at Aritzia

In other news, Senior Officer David John Maciver sold 173,254 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$36.64, for a total transaction of C$6,348,026.56. In other news, Senior Officer David John Maciver sold 173,254 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$36.64, for a total transaction of C$6,348,026.56. Also, Senior Officer Karen Kwan sold 3,000 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of C$33.00, for a total transaction of C$99,000.00. Over the last three months, insiders have sold 185,254 shares of company stock valued at $6,750,057. Corporate insiders own 0.55% of the company’s stock.

About Aritzia

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.