Aritzia (TSE:ATZ) Price Target Raised to C$73.00 at Royal Bank of Canada

Aritzia (TSE:ATZ) had its price target increased by equities researchers at Royal Bank of Canada from C$65.00 to C$73.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 7.57% from the stock’s current price.

A number of other research firms also recently weighed in on ATZ. Raymond James raised their price target on Aritzia from C$58.00 to C$65.00 and gave the company a “market perform” rating in a research note on Monday. Canaccord Genuity Group raised their target price on shares of Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a research note on Sunday. CIBC upped their price target on shares of Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Sunday. BMO Capital Markets increased their price target on shares of Aritzia from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Stifel Nicolaus boosted their price objective on shares of Aritzia from C$66.00 to C$70.00 and gave the stock a “buy” rating in a research note on Monday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Aritzia presently has a consensus rating of “Moderate Buy” and an average price target of C$66.56.

Aritzia Stock Up 19.1 %

Shares of ATZ stock opened at C$67.86 on Monday. The firm’s fifty day moving average price is C$49.86 and its two-hundred day moving average price is C$46.63. 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 1 year low of C$29.55 and a 1 year high of C$67.94. The firm has a market capitalization of C$6.23 billion, a P/E ratio of 99.79, a PEG ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last released its earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of C$581.10 million. On average, equities analysts predict that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insider Activity

In other Aritzia news, Director Jennifer Wong sold 2,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$92,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$174,800.00. Insiders have sold 77,300 shares of company stock valued at $3,565,800 over the last ninety days. 0.94% of the stock is currently owned by company insiders.

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.