Aritzia (TSE:ATZ) Price Target Raised to C$80.00

Aritzia (TSE:ATZ) had its target price upped by BMO Capital Markets from C$68.00 to C$80.00 in a research note issued to investors on Friday,BayStreet.CA reports.

Several other research firms have also recently commented on ATZ. Royal Bank of Canada raised their price target 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 boosted their price objective on shares of Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Sunday, January 12th. Raymond James boosted their target price on shares of Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. TD Securities boosted their price target on shares of Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a report on Sunday, January 12th. Finally, Stifel Nicolaus boosted their price target on shares of Aritzia from C$66.00 to C$70.00 and gave the company a “buy” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Aritzia has an average rating of “Moderate Buy” and an average price target of C$68.22.

Aritzia Stock Performance

Shares of ATZ opened at C$68.63 on Friday. The firm’s 50 day moving average is C$61.58 and its 200-day moving average is C$51.40. The stock has a market capitalization of C$8.19 billion, a P/E ratio of 60.30, a P/E/G ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. Aritzia has a 12-month low of C$31.82 and a 12-month high of C$73.44.

Insider Buying and Selling

In other Aritzia news, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of C$68.50, for a total transaction of C$493,200.00. Also, Senior Officer Karen Kwan sold 29,966 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of C$65.96, for a total transaction of C$1,976,557.36. Insiders have sold a total of 56,298 shares of company stock worth $3,801,028 in the last 90 days. Corporate insiders own 0.94% of the company’s stock.

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.