Aritzia (TSE:ATZ) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Aritzia (TSE:ATZ) had its target price increased by analysts at BMO Capital Markets from C$60.00 to C$65.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential downside of 4.21% from the stock’s current price.

ATZ has been the subject of several other research reports. Canaccord Genuity Group lifted their price target on shares of Aritzia from C$56.00 to C$62.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Raymond James cut shares of Aritzia from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from C$52.50 to C$58.00 in a report on Tuesday. CIBC upped their target price on shares of Aritzia from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. TD Securities raised their price target on shares of Aritzia from C$58.00 to C$68.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Royal Bank of Canada boosted their price objective on Aritzia from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Aritzia presently has a consensus rating of “Moderate Buy” and a consensus price target of C$61.44.

Aritzia Trading Up 19.1 %

ATZ opened at C$67.86 on Thursday. The company has a fifty day moving average price of C$49.39 and a two-hundred day moving average price of C$46.33. Aritzia has a 1-year low of C$29.55 and a 1-year high of C$67.94. The company has a market cap of C$6.23 billion, a P/E ratio of 99.79, a price-to-earnings-growth 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.

Aritzia (TSE:ATZ) last issued its 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). The firm had revenue of C$615.66 million during the quarter, compared to the consensus estimate of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. Analysts predict that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of C$46.50, for a total transaction of C$930,000.00. Also, Senior Officer Karen Kwan sold 5,000 shares of Aritzia stock in a transaction dated Friday, November 1st. The stock was sold at an average price of C$46.00, for a total transaction of C$230,000.00. Insiders have sold a total of 77,300 shares of company stock valued at $3,565,800 in the last 90 days. 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.