Brokerages Set Aritzia Inc. (TSE:ATZ) PT at C$55.38

Aritzia Inc. (TSE:ATZ) has received an average recommendation of “Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is C$55.38.

ATZ has been the subject of several recent research reports. CIBC increased their target price on shares of Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th. Royal Bank of Canada upgraded shares of Aritzia from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 31st. Stifel Nicolaus lifted their target price on Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. TD Securities reduced their price target on Aritzia from C$60.00 to C$58.00 in a research report on Friday, October 11th. Finally, BMO Capital Markets boosted their price target on Aritzia from C$52.00 to C$57.00 in a research report on Friday, October 11th.

Insiders Place Their Bets

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of the stock in a transaction dated 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 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of C$46.00, for a total value of C$230,000.00. Insiders have sold a total of 77,300 shares of company stock valued at $3,565,800 over the last 90 days. 0.94% of the stock is currently owned by insiders.

Aritzia Price Performance

Shares of ATZ opened at C$46.64 on Thursday. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. The firm has a market capitalization of C$4.28 billion, a PE ratio of 68.59, a P/E/G ratio of 1.19 and a beta of 1.83. The stock has a 50 day simple moving average of C$46.50 and a 200 day simple moving average of C$43.01. Aritzia has a 52-week low of C$22.88 and a 52-week high of C$51.80.

Aritzia (TSE:ATZ) last released its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share 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 company had revenue of C$615.66 million during the quarter, compared to analyst estimates of C$581.10 million. Sell-side analysts predict that Aritzia will post 1.7771148 EPS for the current fiscal year.

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.