Aritzia (TSE:ATZ) Price Target Increased to C$46.00 by Analysts at TD Securities

Aritzia (TSE:ATZ) had its price target raised by TD Securities from C$43.00 to C$46.00 in a research note published on Wednesday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

ATZ has been the topic of a number of other research reports. Stifel Nicolaus lifted their price objective on Aritzia from C$34.00 to C$42.00 in a research report on Wednesday, April 3rd. CIBC boosted their price target on shares of Aritzia from C$37.00 to C$41.00 and gave the company an outperform rating in a research report on Friday, May 3rd. Raymond James dropped their price objective on shares of Aritzia from C$46.00 to C$43.00 and set an outperform rating for the company in a report on Friday, May 3rd. BMO Capital Markets raised shares of Aritzia from a market perform rating to an outperform rating and lifted their target price for the stock from C$41.00 to C$50.00 in a research note on Friday, May 3rd. Finally, Canaccord Genuity Group increased their price target on shares of Aritzia from C$38.00 to C$40.00 and gave the company a buy rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average price target of C$41.90.

Aritzia Price Performance

Shares of TSE ATZ opened at C$39.28 on Wednesday. The firm has a 50-day simple moving average of C$34.94 and a 200-day simple moving average of C$33.66. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 99.80. The stock has a market capitalization of C$3.57 billion, a price-to-earnings ratio of 56.93, a price-to-earnings-growth ratio of 1.19 and a beta of 1.84. Aritzia has a 52 week low of C$20.67 and a 52 week high of C$41.25.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C$0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.29 by C($0.08). Aritzia had a net margin of 3.38% and a return on equity of 10.55%. The business had revenue of C$681.97 million for the quarter, compared to analysts’ expectations of C$681.70 million. On average, equities analysts predict that Aritzia will post 1.7411386 earnings per share for the current fiscal year.

Insider Transactions at Aritzia

In related news, Senior Officer Karen Kwan sold 5,000 shares of Aritzia stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of C$34.00, for a total value of C$170,000.00. In related news, Senior Officer Karen Kwan sold 5,000 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$34.00, for a total transaction of C$170,000.00. Also, Senior Officer David John Maciver sold 173,254 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$36.64, for a total value of C$6,348,026.56. In the last three months, insiders have sold 185,254 shares of company stock worth $6,750,057. 0.55% of the stock is currently owned by insiders.

About Aritzia

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.