Aritzia (TSE:ATZ) Upgraded to Moderate Buy at Desjardins

Desjardins upgraded shares of Aritzia (TSE:ATZ) to a moderate buy rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. TD Securities upped their price objective on shares of Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a report on Sunday, January 12th. Canaccord Genuity Group increased their price target 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, January 12th. BMO Capital Markets raised their price target on shares of Aritzia from C$68.00 to C$80.00 in a report on Friday, February 14th. Stifel Nicolaus increased their price objective on Aritzia from C$66.00 to C$70.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, CIBC increased their target price on Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Sunday, January 12th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Aritzia has an average rating of “Moderate Buy” and a consensus price target of C$69.60.

Aritzia Price Performance

Shares of Aritzia stock opened at C$67.08 on Tuesday. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. Aritzia has a 12 month low of C$31.82 and a 12 month high of C$73.44. The stock has a market capitalization of C$8.00 billion, a P/E ratio of 58.94, a PEG ratio of 1.19 and a beta of 1.83. The business has a 50 day simple moving average of C$64.04 and a two-hundred day simple moving average of C$52.48.

Insider Buying and Selling

In related news, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of C$68.50, for a total value of C$493,200.00. Also, Senior Officer Karen Kwan sold 29,966 shares of Aritzia stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of C$65.96, for a total transaction of C$1,976,557.36. Insiders have sold a total of 56,298 shares of company stock worth $3,801,028 in the last quarter. Company insiders own 0.94% of the company’s stock.

About Aritzia

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories.