Aritzia Inc. (TSE:ATZ) Receives Consensus Rating of “Moderate Buy” from Brokerages

Aritzia Inc. (TSE:ATZ) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$39.80.

Several brokerages recently commented on ATZ. Royal Bank of Canada cut their target price on Aritzia from C$41.00 to C$40.00 and set a “sector perform” rating on the stock in a research report on Wednesday, December 20th. Raymond James boosted their target price on shares of Aritzia from C$35.00 to C$46.00 and gave the company an “outperform” rating in a research report on Tuesday, March 19th. TD Securities raised their price target on shares of Aritzia from C$34.00 to C$45.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. BMO Capital Markets upped their price objective on shares of Aritzia from C$38.00 to C$41.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. Finally, UBS Group boosted their target price on Aritzia from C$39.00 to C$50.00 in a research report on Thursday, February 8th.

Aritzia Price Performance

ATZ stock opened at C$37.59 on Friday. The company’s 50-day moving average price is C$36.23 and its two-hundred day moving average price is C$28.79. Aritzia has a 12 month low of C$20.67 and a 12 month high of C$44.88. The company has a quick ratio of 0.19, a current ratio of 1.32 and a debt-to-equity ratio of 103.38. The firm has a market cap of C$3.38 billion, a P/E ratio of 46.41, a P/E/G ratio of 1.19 and a beta of 1.85.

Aritzia (TSE:ATZ) last released its earnings results on Wednesday, January 10th. The company reported C$0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.34 by C$0.04. Aritzia had a net margin of 4.02% and a return on equity of 13.01%. The business had revenue of C$653.52 million for the quarter, compared to analyst estimates of C$621.27 million. On average, analysts anticipate that Aritzia will post 1.8288196 earnings per share for the current fiscal year.

Insider Transactions at Aritzia

In related news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of Aritzia stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of C$40.44, for a total transaction of C$63,409.92. In other Aritzia news, Senior Officer Karen Kwan sold 5,000 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of C$34.00, for a total value of C$170,000.00. Also, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$40.44, for a total transaction of C$63,409.92. Insiders sold a total of 11,568 shares of company stock valued at $407,260 over the last ninety days. 0.55% of the stock is currently owned by insiders.

About Aritzia

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.