Aritzia (TSE:ATZ) PT Raised to C$50.00

Aritzia (TSE:ATZ) had its price target boosted by equities researchers at TD Securities from C$46.00 to C$50.00 in a research note issued to investors on Friday, BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 4.91% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets raised their price target on Aritzia from C$50.00 to C$52.00 in a report on Friday. Raymond James decreased their price target on Aritzia from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Canaccord Genuity Group raised their price target on Aritzia from C$40.00 to C$42.00 and gave the company a “buy” rating in a report on Friday, July 5th. UBS Group increased their target price on Aritzia from C$53.00 to C$54.00 in a research note on Friday. Finally, Royal Bank of Canada increased their target price on Aritzia from C$40.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Thursday, July 4th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Aritzia presently has a consensus rating of “Moderate Buy” and a consensus price target of C$47.88.

Aritzia Price Performance

Shares of ATZ stock opened at C$47.66 on Friday. The stock’s fifty day moving average is C$36.63 and its 200-day moving average is C$35.29. The stock has a market capitalization of C$4.33 billion, a PE ratio of 69.07, a PEG ratio of 1.19 and a beta of 1.84. Aritzia has a 52 week low of C$20.67 and a 52 week high of C$47.88. The company has a debt-to-equity ratio of 99.80, a quick ratio of 0.19 and a current ratio of 1.40.

Aritzia (TSE:ATZ) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.29 by C($0.08). The firm had revenue of C$681.97 million during the quarter, compared to the consensus estimate of C$681.70 million. Aritzia had a net margin of 3.38% and a return on equity of 10.55%. Equities research analysts expect that Aritzia will post 1.7411386 EPS for the current fiscal year.

Insider Transactions at Aritzia

In other news, Senior Officer Karen Kwan sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$34.00, for a total transaction of C$170,000.00. In other news, Senior Officer Karen Kwan sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$34.00, for a total transaction of C$170,000.00. Also, Senior Officer David John Maciver sold 173,254 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of C$36.64, for a total value of C$6,348,026.56. Insiders have sold a total of 185,254 shares of company stock valued at $6,750,057 over the last 90 days. 0.55% of the stock is owned by company insiders.

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.