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

Aritzia (TSE:ATZ) had its target price increased by CIBC from C$63.00 to C$75.00 in a report released on Sunday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Other equities analysts also recently issued reports about the stock. BMO Capital Markets raised their target price on shares of Aritzia from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday. Stifel Nicolaus raised 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 note on Tuesday, January 7th. Raymond James lowered Aritzia from an “outperform” rating to a “market perform” rating and upped their target price for the company from C$52.50 to C$58.00 in a research note on Tuesday, January 7th. Royal Bank of Canada raised their price target on Aritzia from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, TD Securities increased their price objective on Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a research note on Sunday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Aritzia presently has a consensus rating of “Moderate Buy” and a consensus price target of C$64.44.

Aritzia Trading Up 19.1 %

Shares of Aritzia stock opened at C$67.86 on Friday. The company has a 50-day moving average of C$49.86 and a two-hundred 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 current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. Aritzia has a 12-month low of C$29.55 and a 12-month high of C$67.94.

Aritzia (TSE:ATZ) last posted its earnings results 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 analyst estimates 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 other Aritzia news, Senior Officer Karen Kwan sold 6,500 shares of the stock in a transaction that occurred 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. Also, Director Jennifer Wong sold 2,000 shares of Aritzia stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total transaction of C$92,000.00. Insiders sold a total of 77,300 shares of company stock valued at $3,565,800 over the last quarter. Company 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.