Aritzia (TSE:ATZ) Shares Up 13.9%

Aritzia Inc. (TSE:ATZ)’s stock price shot up 13.9% on Friday . The company traded as high as C$47.70 and last traded at C$47.26. 220,962 shares were traded during mid-day trading, a decline of 38% from the average session volume of 356,179 shares. The stock had previously closed at C$41.51.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ATZ. Canaccord Genuity Group raised their price objective on Aritzia from C$40.00 to C$42.00 and gave the stock a “buy” rating in a research report on Friday, July 5th. CIBC raised their price objective on Aritzia from C$37.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. BMO Capital Markets upgraded Aritzia from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$41.00 to C$50.00 in a research report on Friday, May 3rd. Stifel Nicolaus raised their price objective on Aritzia from C$34.00 to C$42.00 in a research report on Wednesday, April 3rd. Finally, TD Securities raised their price objective on Aritzia from C$43.00 to C$46.00 and gave the stock a “buy” rating in a research report on Wednesday, June 19th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$44.11.

Aritzia Price Performance

The stock has a market cap of C$4.17 billion, a price-to-earnings ratio of 68.49, a price-to-earnings-growth ratio of 1.19 and a beta of 1.84. The stock has a fifty day simple moving average of C$36.39 and a 200-day simple moving average of C$35.10. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 99.80.

Aritzia (TSE:ATZ) last issued its earnings results on Thursday, May 2nd. The company reported C$0.21 EPS for the quarter, missing analysts’ consensus estimates of C$0.29 by C($0.08). The firm had revenue of C$681.97 million during the quarter, compared to analyst estimates of C$681.70 million. Aritzia had a net margin of 3.38% and a return on equity of 10.55%. As a group, equities research analysts expect that Aritzia Inc. will post 1.7411386 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer Karen Kwan sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of C$33.00, for a total value of C$99,000.00. In other news, Senior Officer Karen Kwan sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of C$33.00, for a total value of C$99,000.00. Also, Senior Officer David John Maciver sold 173,254 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$36.64, for a total value of C$6,348,026.56. Insiders sold 185,254 shares of company stock valued at $6,750,057 over the last quarter. Corporate insiders own 0.55% of the company’s stock.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.