TD Securities Boosts Aritzia (TSE:ATZ) Price Target to C$68.00

Aritzia (TSE:ATZ) had its price objective boosted by equities research analysts at TD Securities from C$58.00 to C$68.00 in a research note issued to investors on Monday,BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 15.47% from the company’s previous close.

A number of other analysts have also recently commented on ATZ. CIBC boosted their price objective on Aritzia from C$47.00 to C$60.00 in a research report on Friday, October 11th. BMO Capital Markets increased their price target on Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. Stifel Nicolaus boosted their price objective on Aritzia from C$50.00 to C$58.00 in a research note on Friday, October 11th. Finally, Royal Bank of Canada raised shares of Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, Aritzia has a consensus rating of “Buy” and an average price target of C$57.89.

Aritzia Stock Up 2.2 %

Shares of TSE:ATZ traded up C$1.29 during midday trading on Monday, reaching C$58.89. The company’s stock had a trading volume of 533,226 shares, compared to its average volume of 580,559. Aritzia has a 12-month low of C$24.96 and a 12-month high of C$59.18. 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 50 day moving average of C$48.24 and a 200-day moving average of C$45.85. The firm has a market capitalization of C$5.41 billion, a P/E ratio of 86.60, 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 EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.02). Aritzia had a return on equity of 9.84% and a net margin of 3.26%. The company had revenue of C$615.66 million during the quarter, compared to analysts’ expectations of C$581.10 million. On average, research analysts anticipate that Aritzia will post 1.7771148 earnings per share for the current year.

Insider Transactions at Aritzia

In other news, Senior Officer Karen Kwan sold 3,800 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total transaction of C$174,800.00. Also, Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. Insiders sold 77,300 shares of company stock valued at $3,565,800 in the last 90 days. 0.94% of the stock is currently owned by 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.