Aritzia Inc. (TSE:ATZ) Receives C$50.00 Average Price Target from Analysts

Shares of Aritzia Inc. (TSE:ATZ) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$50.00.

A number of analysts recently issued reports on ATZ shares. UBS Group boosted their price target on Aritzia from C$53.00 to C$54.00 in a report on Friday, July 12th. TD Securities lifted their price objective on Aritzia from C$46.00 to C$50.00 in a report on Friday, July 12th. CIBC raised their target price on shares of Aritzia from C$41.00 to C$47.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Raymond James upped their price target on shares of Aritzia from C$43.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Royal Bank of Canada lifted their price objective on shares of Aritzia from C$46.00 to C$47.00 in a report on Friday, July 12th.

Aritzia Stock Down 1.0 %

Shares of ATZ opened at C$43.87 on Tuesday. The firm has a fifty day moving average price of C$42.34 and a 200-day moving average price of C$37.95. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. The firm has a market capitalization of C$4.03 billion, a P/E ratio of 64.51, a P/E/G ratio of 1.19 and a beta of 1.82. Aritzia has a 12-month low of C$20.67 and a 12-month high of C$48.23.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, July 11th. The company reported C$0.16 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.03. The company had revenue of C$498.63 million during the quarter, compared to analyst estimates of C$487.16 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. Equities research analysts expect that Aritzia will post 1.7998376 earnings per share for the current year.

Insider Transactions at Aritzia

In other news, Director Jennifer Wong sold 11,800 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total transaction of C$563,450.00. In related news, Senior Officer Karen Kwan sold 3,000 shares of Aritzia stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of C$33.00, for a total value of C$99,000.00. Also, Director Jennifer Wong sold 11,800 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total transaction of C$563,450.00. Insiders have sold a total of 27,800 shares of company stock valued at $1,238,480 in the last 90 days. Insiders own 0.94% 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.