Aritzia (TSE:ATZ) Price Target Increased to C$50.00 by Analysts at TD Securities

Aritzia (TSE:ATZ) had its target price increased by TD Securities from C$46.00 to C$50.00 in a research report released on Friday, BayStreet.CA reports.

Other research analysts have also issued reports about the company. Raymond James reduced their target price on Aritzia from C$46.00 to C$43.00 and set an outperform rating on the stock in a research report on Friday, May 3rd. Royal Bank of Canada upped their target price on Aritzia from C$40.00 to C$46.00 and gave the company a sector perform rating in a research report on Thursday, July 4th. UBS Group upped their target price on Aritzia from C$53.00 to C$54.00 in a research report on Friday. BMO Capital Markets upped their target price on Aritzia from C$50.00 to C$52.00 in a research report on Friday. Finally, CIBC upped their target price on Aritzia from C$37.00 to C$41.00 and gave the company an outperform rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Aritzia has an average rating of Moderate Buy and a consensus price target of C$49.25.

Aritzia Trading Down 2.0 %

Shares of TSE ATZ opened at C$46.71 on Friday. The company has a debt-to-equity ratio of 99.80, a current ratio of 1.40 and a quick ratio of 0.19. The stock has a market capitalization of C$4.25 billion, a P/E ratio of 67.70, a price-to-earnings-growth ratio of 1.19 and a beta of 1.84. Aritzia has a 1-year low of C$20.67 and a 1-year high of C$48.23. The business has a fifty day moving average price of C$36.80 and a 200 day moving average price of C$35.47.

Aritzia (TSE:ATZ) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of C$681.70 million. Aritzia had a return on equity of 10.55% and a net margin of 3.38%. Equities research analysts expect that Aritzia will post 1.7411386 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Karen Kwan sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$34.00, for a total transaction of C$170,000.00. In related news, Senior Officer David John Maciver sold 173,254 shares of the firm’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 5,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$34.00, for a total value of C$170,000.00. Over the last three months, insiders have sold 185,254 shares of company stock valued at $6,750,057. Company 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.