Royal Bank of Canada Increases Aritzia (TSE:ATZ) Price Target to C$47.00

Aritzia (TSE:ATZ) had its price objective increased by analysts at Royal Bank of Canada from C$46.00 to C$47.00 in a research note issued to investors on Friday, BayStreet.CA reports. Royal Bank of Canada’s price target suggests a potential downside of 1.24% from the company’s previous close.

Several other brokerages also recently commented on ATZ. TD Securities increased their target price on shares of Aritzia from C$46.00 to C$50.00 in a report on Friday. CIBC boosted their target price on Aritzia from C$37.00 to C$41.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Raymond James reduced their target price on Aritzia from C$46.00 to C$43.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Canaccord Genuity Group lifted their price target on Aritzia from C$40.00 to C$42.00 and gave the stock a “buy” rating in a report on Friday, July 5th. Finally, UBS Group boosted their price objective on Aritzia from C$53.00 to C$54.00 in a research report on Friday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Aritzia currently has a consensus rating of “Moderate Buy” and a consensus target price of C$46.67.

Aritzia Stock Up 14.6 %

TSE ATZ traded up C$6.08 during trading hours on Friday, hitting C$47.59. The company’s stock had a trading volume of 1,057,033 shares, compared to its average volume of 362,915. The company has a market capitalization of C$4.33 billion, a PE ratio of 68.91, a price-to-earnings-growth ratio of 1.19 and a beta of 1.84. 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 has a 52 week low of C$20.67 and a 52 week high of C$47.76. The company’s 50-day simple moving average is C$36.39 and its two-hundred day simple moving average is C$35.10.

Aritzia (TSE:ATZ) last posted its earnings results on Thursday, May 2nd. The company reported C$0.21 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.29 by C($0.08). The company had revenue of C$681.97 million during the quarter, compared to the consensus estimate of C$681.70 million. Aritzia had a net margin of 3.38% and a return on equity of 10.55%. Research analysts anticipate that Aritzia will post 1.7411386 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Karen Kwan sold 3,000 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of C$33.00, for a total value of C$99,000.00. In other news, Senior Officer David John Maciver sold 173,254 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of C$36.64, for a total transaction of C$6,348,026.56. Also, 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 transaction of C$99,000.00. Insiders have sold 185,254 shares of company stock worth $6,750,057 in the last three months. 0.55% of the stock is currently owned by corporate insiders.

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.