TD Securities Boosts Aritzia (TSE:ATZ) Price Target to C$68.00

Aritzia (TSE:ATZ) had its price objective boosted by TD Securities from C$58.00 to C$68.00 in a report released on Monday morning,BayStreet.CA reports.

ATZ has been the subject of several other reports. Royal Bank of Canada upgraded Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. CIBC lifted their price objective on shares of Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th. BMO Capital Markets upped their target price on shares of Aritzia from C$57.00 to C$60.00 in a research note on Thursday, December 19th. Finally, 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. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$57.89.

Aritzia Price Performance

Aritzia stock opened at C$58.17 on Monday. The firm has a market capitalization of C$5.34 billion, a PE ratio of 85.54, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. Aritzia has a 12-month low of C$24.96 and a 12-month high of C$59.18. The firm has a 50-day moving average price of C$48.53 and a 200-day moving average price of C$46.05. 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 (TSE:ATZ) last announced 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). Aritzia had a net margin of 3.26% and a return on equity of 9.84%. The business had revenue of C$615.66 million for the quarter, compared to analysts’ expectations of C$581.10 million. As a group, equities research analysts forecast that Aritzia will post 1.7771148 EPS for the current year.

Insider Transactions at Aritzia

In other Aritzia news, Senior Officer Karen Kwan sold 3,800 shares of the stock in a transaction dated Friday, November 8th. The shares were 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 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 transaction of C$92,000.00. In the last quarter, insiders sold 77,300 shares of company stock valued at $3,565,800. Company insiders own 0.94% of the company’s stock.

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.