CIBC Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its price objective hoisted by CIBC from C$60.00 to C$63.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets increased their price target on shares of Aritzia from C$57.00 to C$60.00 in a research note on Thursday, December 19th. Royal Bank of Canada upgraded Aritzia from a “sector perform” rating to an “outperform” rating in a research report 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. Finally, TD Securities increased their price target on Aritzia from C$58.00 to C$68.00 in a report on Monday. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$57.89.

Aritzia Stock Performance

TSE:ATZ opened at C$58.17 on Monday. Aritzia has a twelve month low of C$24.96 and a twelve month high of C$59.18. The company 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 company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. The company’s 50-day moving average price is C$48.53 and its 200-day moving average price is C$46.05.

Aritzia (TSE:ATZ) last posted its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 EPS 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 return on equity of 9.84% and a net margin of 3.26%. On average, sell-side analysts forecast that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insider Activity

In other Aritzia news, Director Jennifer Wong sold 2,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total transaction of C$92,000.00. Also, Senior Officer Karen Kwan sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of C$46.00, for a total transaction of C$299,000.00. Over the last ninety days, insiders sold 77,300 shares of company stock valued at $3,565,800. 0.94% of the stock is currently owned by corporate insiders.

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.