Aritzia Inc. (TSE:ATZ) Given Consensus Rating of “Buy” by Brokerages

Shares of Aritzia Inc. (TSE:ATZ) have earned an average recommendation of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have covered the stock in the last year is C$55.38.

Several analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on Aritzia from C$52.00 to C$57.00 in a report on Friday, October 11th. Royal Bank of Canada raised Aritzia from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 31st. Stifel Nicolaus raised their target price on shares of Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. TD Securities reduced their price target on shares of Aritzia from C$60.00 to C$58.00 in a research report on Friday, October 11th. Finally, CIBC raised their price objective on shares of Aritzia from C$47.00 to C$60.00 in a research report on Friday, October 11th.

Insider Buying and Selling

In related news, Senior Officer Karen Kwan sold 3,800 shares of Aritzia stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$174,800.00. Also, Director Jennifer Wong sold 2,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$92,000.00. Insiders sold a total of 77,300 shares of company stock valued at $3,565,800 over the last three months. 0.94% of the stock is currently owned by company insiders.

Aritzia Stock Up 2.6 %

Shares of TSE:ATZ opened at C$46.08 on Thursday. The firm has a 50 day simple moving average of C$46.55 and a 200-day simple moving average of C$42.78. Aritzia has a twelve month low of C$22.88 and a twelve month high of C$51.80. 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$4.23 billion, a PE ratio of 67.76, 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 EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.02). Aritzia had a return on equity of 9.84% and a net margin of 3.26%. The company had revenue of C$615.66 million for the quarter, compared to analyst estimates of C$581.10 million. On average, equities analysts predict that Aritzia will post 1.7771148 EPS for the current fiscal year.

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.