Aritzia Inc. (TSE:ATZ) Given Average Recommendation of “Moderate Buy” by Brokerages

Aritzia Inc. (TSE:ATZ) has earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$66.56.

A number of research firms have recently weighed in on ATZ. Stifel Nicolaus raised their price objective on Aritzia from C$66.00 to C$70.00 and gave the stock a “buy” rating in a research report on Monday. CIBC boosted their price target on Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Sunday, January 12th. TD Securities lifted their target price on shares of Aritzia from C$68.00 to C$75.00 and gave the stock a “buy” rating in a research note on Sunday, January 12th. BMO Capital Markets upped their price target on shares of Aritzia from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Finally, Raymond James boosted their price objective on shares of Aritzia from C$58.00 to C$65.00 and gave the company a “market perform” rating in a report on Monday.

Insiders Place Their Bets

In related news, Senior Officer Karen Kwan sold 3,800 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$174,800.00. Also, Director Jennifer Wong sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$46.00, for a total value of C$920,000.00. In the last 90 days, insiders have sold 77,300 shares of company stock worth $3,565,800. Corporate insiders own 0.94% of the company’s stock.

Aritzia Trading Up 4.1 %

ATZ opened at C$68.54 on Friday. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. The stock’s 50 day moving average price is C$51.52 and its 200-day moving average price is C$47.30. Aritzia has a one year low of C$31.82 and a one year high of C$68.99. The stock has a market cap of C$6.29 billion, a price-to-earnings ratio of 100.79, a P/E/G ratio of 1.19 and a beta of 1.83.

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.