Aritzia (TSE:ATZ) PT Raised to C$52.00

Aritzia (TSE:ATZ) had its target price boosted by investment analysts at BMO Capital Markets from C$50.00 to C$52.00 in a research note issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 9.11% from the stock’s current price.

A number of other equities analysts also recently commented on ATZ. Royal Bank of Canada upped their price objective on shares of Aritzia from C$40.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 4th. CIBC upped their price objective on shares of Aritzia from C$37.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Raymond James cut their price objective on shares of 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. Stifel Nicolaus upped their price objective on shares of Aritzia from C$34.00 to C$42.00 in a research report on Wednesday, April 3rd. Finally, TD Securities upped their price objective on shares of Aritzia from C$43.00 to C$46.00 and gave the stock a “buy” rating in a research report on Wednesday, June 19th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Aritzia presently has a consensus rating of “Moderate Buy” and a consensus target price of C$47.88.

Aritzia Stock Up 14.8 %

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

Aritzia (TSE:ATZ) 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 business had revenue of C$681.97 million during the quarter, compared to analysts’ expectations of C$681.70 million. Aritzia had a net margin of 3.38% and a return on equity of 10.55%. Sell-side analysts expect that Aritzia will post 1.7411386 earnings per share for the current year.

Insider Activity at Aritzia

In related news, Senior Officer Karen Kwan sold 1,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$34.00, for a total value of C$34,000.00. In related news, Senior Officer David John Maciver sold 173,254 shares of the stock in a transaction dated Monday, May 6th. The shares were 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 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$34.00, for a total transaction of C$34,000.00. In the last three months, insiders have sold 185,254 shares of company stock valued at $6,750,057. 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.