Canaccord Genuity Group Increases Aritzia (TSE:ATZ) Price Target to C$62.00

Aritzia (TSE:ATZ) had its target price boosted by Canaccord Genuity Group from C$56.00 to C$62.00 in a research note issued to investors on Monday,BayStreet.CA reports.

ATZ has been the topic of a number of other reports. TD Securities boosted their price target on shares of Aritzia from C$58.00 to C$68.00 in a research report on Monday. Royal Bank of Canada upgraded Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. Stifel Nicolaus lifted their price target on Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. BMO Capital Markets boosted their price target on shares of Aritzia from C$57.00 to C$60.00 in a research report on Thursday, December 19th. Finally, CIBC raised their price objective on shares of Aritzia from C$60.00 to C$63.00 in a research report on Monday. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Aritzia currently has an average rating of “Buy” and a consensus target price of C$57.89.

Aritzia Stock Performance

Shares of ATZ stock opened at C$58.17 on Monday. Aritzia has a 12-month low of C$24.96 and a 12-month high of C$59.18. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19. The firm has a market capitalization of C$5.34 billion, a price-to-earnings ratio of 85.54, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The business has a 50 day simple moving average of C$48.53 and a 200 day simple moving average of C$46.05.

Aritzia (TSE:ATZ) last released its quarterly 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 return on equity of 9.84% and a net margin of 3.26%. The business had revenue of C$615.66 million during the quarter, compared to the consensus estimate of C$581.10 million. On average, equities research analysts anticipate that Aritzia will post 1.7771148 EPS for the current year.

Insider Activity

In other news, Director Jennifer Wong sold 20,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$46.00, for a total value of C$920,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of Aritzia 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$174,800.00. Insiders have sold 77,300 shares of company stock worth $3,565,800 in the last 90 days. Company insiders own 0.94% of the company’s stock.

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.