Aritzia (TSE:ATZ) PT Raised to C$60.00

Aritzia (TSE:ATZ) had its price target upped by TD Securities from C$50.00 to C$60.00 in a research report report published on Thursday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other equities research analysts have also commented on the stock. UBS Group boosted their price objective on shares of Aritzia from C$53.00 to C$54.00 in a research note on Friday, July 12th. Raymond James increased their price objective on Aritzia from C$43.00 to C$48.00 and gave the company an outperform rating in a research report on Monday, July 15th. CIBC lifted their target price on shares of Aritzia from C$41.00 to C$47.00 and gave the stock an outperform rating in a research report on Monday, July 15th. BMO Capital Markets boosted their price target on Aritzia from C$50.00 to C$52.00 in a research note on Friday, July 12th. Finally, Canaccord Genuity Group boosted their price objective on shares of Aritzia from C$46.00 to C$52.00 and gave the company a buy rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of C$52.38.

Aritzia Trading Up 2.0 %

ATZ opened at C$50.27 on Thursday. Aritzia has a one year low of C$20.67 and a one year high of C$51.65. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19. The business has a 50 day simple moving average of C$45.98 and a two-hundred day simple moving average of C$40.18. The firm has a market capitalization of C$4.62 billion, a price-to-earnings ratio of 73.93, a PEG ratio of 1.19 and a beta of 1.82.

Aritzia (TSE:ATZ) last announced its earnings results 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. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. The firm had revenue of C$498.63 million for the quarter, compared to analyst estimates of C$487.16 million. Analysts predict that Aritzia will post 1.8012959 EPS for the current year.

Insider Activity at Aritzia

In other Aritzia news, Director Jennifer Wong sold 11,800 shares of the stock in a transaction dated Wednesday, July 17th. The shares were 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 10,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total value of C$477,000.00. Also, Director Jennifer Wong sold 11,800 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total transaction of C$563,450.00. 0.94% of the stock is currently owned by corporate insiders.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs, develops, and sells apparels and accessories for women in the United States and Canada. The company offers activewear, blazers and suiting, bodysuits, denim, dresses, jackets and coats, jumpsuits and rompers, leggings and bike shorts, pants, shirts and blouses, shorts, skirts, sweaters, and sweatpants, sweatshirts, hoodies, and sweats, as well as t-shirts, tops, intimates, bra tops, leaotards.