Aritzia (TSE:ATZ) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Aritzia (TSE:ATZ) had its price target hoisted by stock analysts at Royal Bank of Canada from C$56.00 to C$65.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Royal Bank of Canada’s price target suggests a potential upside of 13.96% from the company’s previous close.

A number of other brokerages have also weighed in on ATZ. TD Securities boosted their target price on Aritzia from C$58.00 to C$68.00 in a research report on Monday. BMO Capital Markets boosted their price objective on shares of Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. Canaccord Genuity Group increased their price objective on shares of Aritzia from C$56.00 to C$62.00 in a research report on Monday. Stifel Nicolaus lifted their target price on shares of Aritzia from C$58.00 to C$66.00 in a research report on Tuesday. Finally, CIBC increased their price target on Aritzia from C$60.00 to C$63.00 in a report on Monday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Aritzia currently has an average rating of “Moderate Buy” and a consensus price target of C$60.89.

Aritzia Price Performance

Shares of TSE ATZ opened at C$57.04 on Tuesday. The firm has a market cap of C$5.24 billion, a P/E ratio of 83.88, a PEG ratio of 1.19 and a beta of 1.83. Aritzia has a twelve month low of C$25.32 and a twelve month high of C$59.18. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. The company has a 50 day moving average of C$48.81 and a 200 day moving average of C$46.13.

Aritzia (TSE:ATZ) last posted 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 return on equity of 9.84% and a net margin of 3.26%. The business had revenue of C$615.66 million during the quarter, compared to analysts’ expectations of C$581.10 million. As a group, research analysts expect that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insiders Place Their Bets

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was 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 Aritzia 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. Over the last ninety days, insiders have sold 77,300 shares of company stock worth $3,565,800. Company 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.