CIBC Increases Aritzia (TSE:ATZ) Price Target to C$63.00

Aritzia (TSE:ATZ) had its price target lifted by equities research analysts at CIBC from C$60.00 to C$63.00 in a note issued to investors on Monday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 10.70% from the company’s current price.

Other analysts also recently issued research reports about the stock. BMO Capital Markets boosted their target price on shares of Aritzia from C$57.00 to C$60.00 in a research report on Thursday, December 19th. Stifel Nicolaus boosted their price objective on shares of Aritzia from C$50.00 to C$58.00 in a report on Friday, October 11th. TD Securities raised their target price on Aritzia from C$58.00 to C$68.00 in a research note on Monday. Finally, Royal Bank of Canada raised Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Aritzia currently has an average rating of “Moderate Buy” and a consensus target price of C$60.89.

Aritzia Stock Performance

Shares of ATZ opened at C$56.91 on Monday. 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 firm has a market cap of C$5.23 billion, a PE ratio of 83.69, a P/E/G 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 stock has a fifty day moving average price of C$48.81 and a 200-day moving average price of C$46.13.

Aritzia (TSE:ATZ) last released its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of C$581.10 million. Equities research analysts predict that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insider Buying and Selling at Aritzia

In related news, Director Jennifer Wong sold 20,000 shares of the business’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 the stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total transaction of C$174,800.00. Over the last three months, insiders have sold 77,300 shares of company stock valued at $3,565,800. 0.94% of the stock is owned by insiders.

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.