Aritzia (TSE:ATZ) Price Target Raised to C$70.00 at Stifel Nicolaus

Aritzia (TSE:ATZ) had its target price hoisted by Stifel Nicolaus from C$66.00 to C$70.00 in a research note published on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research firms also recently weighed in on ATZ. Raymond James downgraded Aritzia from an “outperform” rating to a “market perform” rating and increased their target price for the company from C$52.50 to C$58.00 in a report on Tuesday, January 7th. Royal Bank of Canada boosted their target price on shares of Aritzia from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Canaccord Genuity Group increased their price target on shares of Aritzia from C$62.00 to C$70.00 and gave the stock a “buy” rating in a research report on Sunday. CIBC upped their price objective on Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Sunday. Finally, BMO Capital Markets raised their target price on Aritzia from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Aritzia presently has an average rating of “Moderate Buy” and a consensus target price of C$66.56.

Aritzia Trading Down 4.9 %

Shares of ATZ stock opened at C$64.52 on Monday. The stock has a market capitalization of C$5.92 billion, a P/E ratio of 94.88, 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 firm’s 50 day moving average is C$50.25 and its 200 day moving average is C$46.82. Aritzia has a 12-month low of C$31.82 and a 12-month high of C$67.94.

Insider Activity at Aritzia

In other Aritzia news, Senior Officer Karen Kwan sold 6,500 shares of Aritzia stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of C$46.00, for a total value of C$299,000.00. Also, Director Jennifer Wong sold 20,000 shares of the business’s 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. In the last quarter, insiders have sold 77,300 shares of company stock worth $3,565,800. 0.94% of the stock is 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.