Insider Selling: Aritzia Inc. (TSE:ATZ) Director Sells 20,000 Shares of Stock

Aritzia Inc. (TSE:ATZ) Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$46.00, for a total value of C$920,000.00.

Jennifer Wong also recently made the following trade(s):

• On Wednesday, November 13th, Jennifer Wong sold 20,000 shares of Aritzia stock. The shares were sold at an average price of C$46.50, for a total value of C$930,000.00.
• On Monday, November 11th, Jennifer Wong sold 20,000 shares of Aritzia stock. The stock was sold at an average price of C$46.00, for a total value of C$920,000.00.
• On Friday, November 8th, Jennifer Wong sold 2,000 shares of Aritzia stock. The shares were sold at an average price of C$46.00, for a total transaction of C$92,000.00.

Aritzia Trading Up 1.1 %

Shares of Aritzia stock opened at C$43.81 on Monday. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19. The stock’s 50 day simple moving average is C$46.58 and its 200-day simple moving average is C$42.70. The stock has a market cap of C$4.02 billion, a P/E ratio of 64.43, a P/E/G ratio of 1.19 and a beta of 1.83. Aritzia Inc. has a 1-year low of C$22.88 and a 1-year high of C$51.80.

Aritzia (TSE:ATZ) last issued its earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.02). Aritzia had a net margin of 3.26% and a return on equity of 9.84%. The company had revenue of C$615.66 million during the quarter, compared to analysts’ expectations of C$581.10 million. Analysts predict that Aritzia Inc. will post 1.7771148 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ATZ has been the subject of a number of research analyst reports. Royal Bank of Canada upgraded shares of Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. Canaccord Genuity Group raised their price target on shares of Aritzia from C$46.00 to C$52.00 and gave the company a “buy” rating in a research note on Monday, July 29th. TD Securities cut their price objective on Aritzia from C$60.00 to C$58.00 in a research note on Friday, October 11th. CIBC increased their target price on Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th. Finally, BMO Capital Markets lifted their price target on Aritzia from C$52.00 to C$57.00 in a research note on Friday, October 11th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$55.38.

About Aritzia

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.