BMO Capital Markets Boosts Aritzia (TSE:ATZ) Price Target to C$60.00

Aritzia (TSE:ATZ) had its price objective lifted by equities research analysts at BMO Capital Markets from C$57.00 to C$60.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 11.21% from the stock’s previous close.

ATZ has been the subject of several other research reports. TD Securities cut their price target on Aritzia from C$60.00 to C$58.00 in a research note on Friday, October 11th. CIBC upped their price target on shares of Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th. Royal Bank of Canada upgraded shares of Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus lifted their price objective on Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$55.75.

Aritzia Trading Up 5.1 %

Shares of Aritzia stock opened at C$53.95 on Thursday. Aritzia has a 12-month low of C$24.76 and a 12-month high of C$55.00. 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 stock has a market cap of C$4.95 billion, a PE ratio of 79.34, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The company has a 50-day moving average of C$46.62 and a two-hundred day moving average of C$44.52.

Aritzia (TSE:ATZ) last released its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing the consensus estimate of C$0.13 by C($0.02). The firm had revenue of C$615.66 million during the quarter, compared to analysts’ expectations of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. On average, research analysts anticipate that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Karen Kwan sold 3,800 shares of the company’s stock in a transaction on 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 dated Monday, November 11th. The stock was sold at an average price of C$46.00, for a total value of C$920,000.00. Insiders sold a total of 77,300 shares of company stock valued at $3,565,800 over the last 90 days. 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.