Aritzia (TSE:ATZ) PT Raised to C$47.00 at Royal Bank of Canada

Aritzia (TSE:ATZ) had its price target raised by stock analysts at Royal Bank of Canada from C$46.00 to C$47.00 in a research note issued on Friday, BayStreet.CA reports. Royal Bank of Canada’s price objective would suggest a potential downside of 1.38% from the stock’s current price.

A number of other analysts have also commented on ATZ. TD Securities lifted their price target on Aritzia from C$46.00 to C$50.00 in a research note on Friday. BMO Capital Markets lifted their price target on Aritzia from C$50.00 to C$52.00 in a research note on Friday. Canaccord Genuity Group lifted their price target on Aritzia from C$40.00 to C$42.00 and gave the company a “buy” rating in a research note on Friday, July 5th. Stifel Nicolaus lifted their price target on Aritzia from C$42.00 to C$50.00 and gave the company a “buy” rating in a research note on Friday. Finally, UBS Group raised their price objective on Aritzia from C$53.00 to C$54.00 in a research report on Friday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Aritzia currently has an average rating of “Moderate Buy” and an average target price of C$47.88.

Aritzia Stock Performance

TSE:ATZ opened at C$47.66 on Friday. The stock’s 50-day simple moving average is C$36.63 and its 200 day simple moving average is C$35.29. The firm has a market capitalization 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. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 99.80. Aritzia has a twelve month low of C$20.67 and a twelve month high of C$47.88.

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

Insider Buying and Selling at Aritzia

In other Aritzia news, 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 value of C$6,348,026.56. In other Aritzia news, 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 value of C$6,348,026.56. Also, 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. Over the last three months, insiders have sold 185,254 shares of company stock valued at $6,750,057. 0.55% of the stock is currently 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.