Aritzia Inc. (TSE:ATZ) Receives C$55.38 Average Target Price from Analysts

Shares of Aritzia Inc. (TSE:ATZ) have been assigned a consensus rating of “Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have covered the stock in the last year is C$55.38.

ATZ has been the subject of several research reports. UBS Group increased their price objective on shares of Aritzia from C$53.00 to C$54.00 in a research report on Friday, July 12th. Raymond James upped their price objective on Aritzia from C$43.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Royal Bank of Canada upgraded Aritzia from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 31st. CIBC raised their price target on shares of Aritzia from C$47.00 to C$60.00 in a research note on Friday, October 11th. Finally, Canaccord Genuity Group boosted their price objective on shares of Aritzia from C$46.00 to C$52.00 and gave the stock a “buy” rating in a research report on Monday, July 29th.

Insiders Place Their Bets

In other news, Senior Officer Karen Kwan sold 5,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of C$46.00, for a total transaction of C$230,000.00. Insiders own 0.94% of the company’s stock.

Aritzia Trading Down 0.8 %

TSE ATZ opened at C$44.51 on Friday. Aritzia has a 12 month low of C$22.88 and a 12 month high of C$51.80. The stock has a 50-day simple moving average of C$46.78 and a 200 day simple moving average of C$41.96. 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 company has a market capitalization of C$4.09 billion, a PE ratio of 65.46, a P/E/G 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 for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The firm had revenue of C$615.66 million during the quarter, compared to analyst estimates of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. Research analysts forecast that Aritzia will post 1.7771148 EPS for the current year.

About Aritzia

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.