TD Securities Boosts Aritzia (TSE:ATZ) Price Target to C$75.00

Aritzia (TSE:ATZ) had its target price raised by equities researchers at TD Securities from C$68.00 to C$75.00 in a research report issued to clients and investors on Sunday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 16.24% from the stock’s previous close.

ATZ has been the topic of a number of other reports. Stifel Nicolaus upped their target price on shares of Aritzia from C$58.00 to C$66.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Canaccord Genuity Group increased their price objective on shares of Aritzia from C$56.00 to C$62.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Raymond James lowered shares of Aritzia from an “outperform” rating to a “market perform” rating and raised their price objective for the company from C$52.50 to C$58.00 in a report on Tuesday, January 7th. Royal Bank of Canada boosted their target price on shares of Aritzia from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, CIBC raised their price target on Aritzia from C$60.00 to C$63.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Aritzia currently has a consensus rating of “Moderate Buy” and a consensus target price of C$66.56.

Aritzia Trading Down 4.9 %

ATZ opened at C$64.52 on Friday. The business has a fifty day moving average price of C$50.25 and a 200 day moving average price of C$46.82. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19. Aritzia has a 12 month low of C$31.82 and a 12 month high of C$67.94. The stock has a market capitalization of C$5.92 billion, a price-to-earnings ratio of 94.88, a PEG ratio of 1.19 and a beta of 1.83.

Insider Buying and Selling at Aritzia

In other Aritzia news, Director Jennifer Wong sold 2,000 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$92,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of the company’s 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. Insiders sold 77,300 shares of company stock worth $3,565,800 over the last 90 days. Corporate 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.