Aritzia (TSE:ATZ) Price Target Raised to C$62.00 at Canaccord Genuity Group

Aritzia (TSE:ATZ) had its price target lifted by Canaccord Genuity Group from C$56.00 to C$62.00 in a research report report published on Monday morning,BayStreet.CA reports.

A number of other equities analysts have also commented on ATZ. TD Securities boosted their price objective on shares of Aritzia from C$58.00 to C$68.00 in a report on Monday. CIBC boosted their price target on Aritzia from C$60.00 to C$63.00 in a research note on Monday. BMO Capital Markets raised their price objective on Aritzia from C$57.00 to C$60.00 in a research note on Thursday, December 19th. Royal Bank of Canada raised Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus increased their target price on Aritzia from C$50.00 to C$58.00 in a research note on Friday, October 11th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Aritzia presently has a consensus rating of “Buy” and an average target price of C$57.89.

Aritzia Stock Performance

Shares of TSE:ATZ opened at C$58.17 on Monday. The business’s 50-day simple moving average is C$48.53 and its 200 day simple moving average is C$46.05. The company has a market cap of C$5.34 billion, a P/E ratio of 85.54, a PEG ratio of 1.19 and a beta of 1.83. 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 has a one year low of C$24.96 and a one year high of C$59.18.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share (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 firm had revenue of C$615.66 million for the quarter, compared to analysts’ expectations of C$581.10 million. On average, sell-side analysts forecast that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insider Transactions at Aritzia

In other news, Senior Officer Karen Kwan sold 3,800 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$46.00, for a total value of C$174,800.00. Also, Director Jennifer Wong sold 2,000 shares of Aritzia 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$92,000.00. In the last quarter, insiders sold 77,300 shares of company stock worth $3,565,800. 0.94% of the stock is currently owned by corporate 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.