Aritzia (TSE:ATZ) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Aritzia (TSE:ATZ) had its price objective upped by analysts at Stifel Nicolaus from C$58.00 to C$66.00 in a report released on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price target suggests a potential upside of 15.71% from the stock’s current price.

ATZ has been the subject of several other reports. Canaccord Genuity Group boosted their target price on shares of Aritzia from C$56.00 to C$62.00 in a research report on Monday. Royal Bank of Canada raised Aritzia from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 31st. BMO Capital Markets raised their target price on Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. TD Securities upped their price target on Aritzia from C$58.00 to C$68.00 in a report on Monday. Finally, CIBC raised their price objective on Aritzia from C$60.00 to C$63.00 in a research note on Monday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Aritzia presently has an average rating of “Moderate Buy” and an average price target of C$60.89.

Aritzia Trading Up 0.2 %

TSE ATZ opened at C$57.04 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. Aritzia has a 52 week low of C$25.32 and a 52 week high of C$59.18. The business has a 50 day moving average price of C$48.81 and a 200-day moving average price of C$46.13. The company has a market cap of C$5.24 billion, a price-to-earnings ratio of 83.88, a P/E/G ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last announced its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 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 business had revenue of C$615.66 million for the quarter, compared to the consensus estimate of C$581.10 million. As a group, equities analysts expect that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insider Activity at Aritzia

In related news, Director Jennifer Wong sold 2,000 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$92,000.00. Also, Senior Officer Karen Kwan sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of C$46.00, for a total transaction of C$299,000.00. Over the last three months, insiders sold 77,300 shares of company stock valued at $3,565,800. 0.94% of the stock is owned by 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.