Aritzia (TSE:ATZ) Given New C$68.00 Price Target at TD Securities

Aritzia (TSE:ATZ) had its price objective increased by TD Securities from C$58.00 to C$68.00 in a research note issued to investors on Monday,BayStreet.CA reports.

Several other equities analysts have also recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. BMO Capital Markets upped their target price on Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. Royal Bank of Canada upgraded Aritzia from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 31st. Finally, CIBC upped their price target on Aritzia from C$47.00 to C$60.00 in a research note on Friday, October 11th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$57.89.

Aritzia Price Performance

ATZ stock opened at C$58.17 on Monday. The firm has a market cap of C$5.34 billion, a P/E ratio of 85.54, a P/E/G ratio of 1.19 and a beta of 1.83. The firm’s fifty day moving average is C$48.53 and its 200 day moving average is C$46.05. Aritzia has a 52 week low of C$24.96 and a 52 week high of C$59.18. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40.

Aritzia (TSE:ATZ) last issued its 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). The company had revenue of C$615.66 million for the quarter, compared to analysts’ expectations of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. Research analysts predict that Aritzia will post 1.7771148 earnings per share for the current year.

Insider Activity

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of Aritzia 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 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 have sold a total of 77,300 shares of company stock valued at $3,565,800 in the last ninety days. Corporate insiders own 0.94% of the company’s stock.

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.