Aritzia Inc. (TSE:ATZ) Receives C$55.75 Consensus Target Price from Analysts

Aritzia Inc. (TSE:ATZ) has earned an average rating of “Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is C$55.75.

Several brokerages have commented on ATZ. TD Securities lowered their target price on shares of Aritzia from C$60.00 to C$58.00 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 research note on Thursday, October 31st. BMO Capital Markets boosted their target price on Aritzia from C$57.00 to C$60.00 in a research note on Thursday, December 19th. Stifel Nicolaus increased their price target on Aritzia from C$50.00 to C$58.00 in a report on Friday, October 11th. Finally, CIBC lifted their price objective on Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th.

Insider Activity at Aritzia

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$46.00, for a total value of C$920,000.00. Also, Senior Officer Karen Kwan sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of C$46.00, for a total value of C$230,000.00. In the last quarter, insiders have sold 77,300 shares of company stock valued at $3,565,800. 0.94% of the stock is owned by insiders.

Aritzia Stock Up 0.4 %

TSE:ATZ opened at C$53.09 on Monday. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. Aritzia has a 12-month low of C$24.76 and a 12-month high of C$55.00. The stock’s fifty day simple moving average is C$46.79 and its 200-day simple moving average is C$44.88. The firm has a market capitalization of C$4.88 billion, a P/E ratio of 78.07, a P/E/G ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last posted its 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). The company had revenue of C$615.66 million for the quarter, compared to analyst estimates of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. Equities research analysts expect 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.