Aritzia (TSE:ATZ) Price Target Raised to C$70.00 at Canaccord Genuity Group

Aritzia (TSE:ATZ) had its target price boosted by Canaccord Genuity Group from C$62.00 to C$70.00 in a report published on Sunday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other brokerages also recently weighed in on ATZ. Stifel Nicolaus lifted their price target on shares of Aritzia from C$58.00 to C$66.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. TD Securities boosted their target price on Aritzia from C$68.00 to C$75.00 and gave the stock a “buy” rating in a research note on Sunday. Raymond James cut Aritzia from an “outperform” rating to a “market perform” rating and increased their price target for the company from C$52.50 to C$58.00 in a research note on Tuesday, January 7th. BMO Capital Markets boosted their price target on Aritzia from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, CIBC increased their price objective on shares of Aritzia from C$60.00 to C$63.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Aritzia has an average rating of “Moderate Buy” and a consensus target price of C$64.44.

Aritzia Price Performance

ATZ opened at C$67.86 on Friday. The firm has a market capitalization of C$6.23 billion, a PE ratio of 99.79, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. 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 50-day moving average is C$49.86 and its two-hundred day moving average is C$46.63. Aritzia has a 1 year low of C$29.55 and a 1 year high of C$67.94.

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

Insider Buying and Selling

In related 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 transaction 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 shares were sold at an average price of C$46.00, for a total transaction of C$299,000.00. Insiders sold 77,300 shares of company stock valued at $3,565,800 over the last quarter. 0.94% of the stock is currently owned by company 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.