Aritzia (TSE:ATZ) Price Target Raised to C$75.00

Aritzia (TSE:ATZ) had its target price hoisted by TD Securities from C$68.00 to C$75.00 in a research note issued to investors on Sunday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts have also weighed in on ATZ. Stifel Nicolaus raised their price target on shares of Aritzia from C$58.00 to C$66.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Royal Bank of Canada raised their target price on Aritzia from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. BMO Capital Markets boosted their price target on Aritzia from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Raymond James lowered Aritzia from an “outperform” rating to a “market perform” rating and raised their price objective for the company from C$52.50 to C$58.00 in a report on Tuesday, January 7th. Finally, CIBC upped their target price on shares of Aritzia from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$66.56.

Aritzia Trading Up 2.9 %

ATZ stock opened at C$66.36 on Friday. Aritzia has a 52-week low of C$31.82 and a 52-week high of C$67.94. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. The firm has a market cap of C$6.09 billion, a P/E ratio of 97.59, a PEG ratio of 1.19 and a beta of 1.83. The company’s 50-day simple moving average is C$50.66 and its 200-day simple moving average is C$46.95.

Insiders Place Their Bets

In other Aritzia news, Senior Officer Karen Kwan sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of C$46.00, for a total value of C$230,000.00. Also, Director Jennifer Wong sold 20,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$46.00, for a total value of C$920,000.00. Insiders sold a total of 77,300 shares of company stock worth $3,565,800 over the last 90 days. Corporate insiders own 0.94% of the company’s stock.

Aritzia Company Profile

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.