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

Shares of Aritzia Inc. (TSE:ATZ) have been given an average recommendation of “Buy” by the seven analysts that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have covered the stock in the last year is C$55.38.

ATZ has been the subject of several research reports. CIBC increased their target price on shares of Aritzia from C$47.00 to C$60.00 in a research note 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. TD Securities cut their target price on Aritzia from C$60.00 to C$58.00 in a research note on Friday, October 11th. Stifel Nicolaus lifted their price target on shares of Aritzia from C$50.00 to C$58.00 in a research note on Friday, October 11th. Finally, BMO Capital Markets boosted their price target on shares of Aritzia from C$52.00 to C$57.00 in a report on Friday, October 11th.

Insider Buying and Selling at Aritzia

In related news, Senior Officer Karen Kwan sold 3,800 shares of the 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 transaction of C$174,800.00. Also, Director Jennifer Wong sold 2,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total value of C$92,000.00. Insiders have sold 77,300 shares of company stock worth $3,565,800 over the last three months. Company insiders own 0.94% of the company’s stock.

Aritzia Stock Up 1.9 %

ATZ opened at C$46.64 on Thursday. The business has a 50 day moving average of C$46.50 and a 200-day moving average of C$43.01. The stock has a market capitalization of C$4.28 billion, a price-to-earnings ratio of 68.59, a P/E/G ratio of 1.19 and a beta of 1.83. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. Aritzia has a 1-year low of C$22.88 and a 1-year high of C$51.80.

Aritzia (TSE:ATZ) last issued 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 company had revenue of C$615.66 million during the quarter, compared to the consensus estimate of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. As a group, sell-side analysts anticipate that Aritzia will post 1.7771148 earnings per share for the current 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.