Aritzia Inc. (TSE:ATZ) Receives Consensus Rating of “Moderate Buy” from Brokerages

Aritzia Inc. (TSE:ATZ) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$66.56.

Several brokerages have issued reports on ATZ. 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 research report on Thursday, January 9th. Royal Bank of Canada raised their price objective on shares of Aritzia from C$65.00 to C$73.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. CIBC upped their target price on shares of Aritzia from C$63.00 to C$75.00 and gave the company an “outperform” rating in a report on Sunday, January 12th. TD Securities increased their price target on shares of Aritzia from C$68.00 to C$75.00 and gave the stock a “buy” rating in a research report on Sunday, January 12th. Finally, Stifel Nicolaus boosted their price objective on shares of Aritzia from C$66.00 to C$70.00 and gave the company a “buy” rating in a research report on Monday, January 13th.

Insider Buying and Selling

In other news, Director Jennifer Wong sold 20,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$46.00, for a total value of C$920,000.00. Also, Senior Officer Karen Kwan sold 6,500 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of C$46.00, for a total transaction of C$299,000.00. In the last quarter, insiders sold 102,798 shares of company stock valued at $5,950,028. Company insiders own 0.94% of the company’s stock.

Aritzia Price Performance

TSE ATZ opened at C$71.39 on Tuesday. The stock has a market capitalization of C$6.56 billion, a price-to-earnings ratio of 104.99, a PEG ratio of 1.19 and a beta of 1.83. Aritzia has a 1-year low of C$31.82 and a 1-year high of C$73.44. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19. The business’s fifty day moving average price is C$59.42 and its 200-day moving average price is C$50.55.

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.