Stifel Nicolaus Increases Aritzia (TSE:ATZ) Price Target to C$58.00

Aritzia (TSE:ATZ) had its target price lifted by Stifel Nicolaus from C$50.00 to C$58.00 in a research report issued on Friday, BayStreet.CA reports. Stifel Nicolaus’ price target suggests a potential upside of 22.88% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. UBS Group raised their price objective on Aritzia from C$53.00 to C$54.00 in a research note on Friday, July 12th. Raymond James raised their price objective on Aritzia from C$43.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. CIBC raised their price target on Aritzia from C$41.00 to C$47.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Royal Bank of Canada raised their price target on shares of Aritzia from C$47.00 to C$56.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 2nd. Finally, TD Securities lowered their target price on Aritzia from C$60.00 to C$58.00 in a research report on Friday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Aritzia currently has an average rating of “Moderate Buy” and a consensus price target of C$55.38.

Aritzia Trading Down 5.6 %

Shares of ATZ stock opened at C$47.20 on Friday. Aritzia has a 1-year low of C$20.67 and a 1-year high of C$51.80. 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 firm’s 50-day simple moving average is C$46.60 and its 200-day simple moving average is C$40.70. The firm has a market cap of C$4.33 billion, a P/E ratio of 69.41, a PEG ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last announced its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.02). Aritzia had a net margin of 3.26% and a return on equity of 9.84%. The company had revenue of C$615.66 million during the quarter, compared to analyst estimates of C$581.10 million. As a group, equities analysts forecast that Aritzia will post 1.7771148 EPS for the current year.

Insider Buying and Selling

In other news, Director Jennifer Wong sold 11,800 shares of Aritzia stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of C$47.75, for a total value of C$563,450.00. In other Aritzia news, Senior Officer Karen Kwan sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total transaction of C$477,000.00. Also, Director Jennifer Wong sold 11,800 shares of Aritzia 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. 0.94% of the stock is 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.