TD Securities Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its price target boosted by TD Securities from C$68.00 to C$75.00 in a report published on Sunday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

ATZ has been the topic of several other reports. Stifel Nicolaus upped their price objective on shares of Aritzia from C$58.00 to C$66.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. BMO Capital Markets raised their price objective on shares of Aritzia from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Thursday. Canaccord Genuity Group upped their target price on shares of Aritzia from C$56.00 to C$62.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada raised their price target on Aritzia from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, CIBC upped their price objective on Aritzia from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Aritzia currently has a consensus rating of “Moderate Buy” and an average price target of C$64.44.

Aritzia Price Performance

Shares of TSE ATZ opened at C$67.86 on Friday. The stock has a fifty day moving average of C$49.86 and a 200-day moving average of C$46.63. The stock has a market cap 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 quick ratio of 0.19 and a current ratio of 1.40. Aritzia has a fifty-two week low of C$29.55 and a fifty-two week high of C$67.94.

Aritzia (TSE:ATZ) last issued its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.02). The firm had revenue of C$615.66 million for 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%. Equities research analysts anticipate that Aritzia will post 1.7771148 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Karen Kwan sold 6,500 shares of the firm’s stock in a transaction that occurred 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. Also, Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of C$46.50, for a total value of C$930,000.00. Insiders sold a total of 77,300 shares of company stock worth $3,565,800 in the last quarter. 0.94% of the stock is 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.