TD Securities Increases Aritzia (TSE:ATZ) Price Target to C$75.00

Aritzia (TSE:ATZ) had its price target boosted by TD Securities from C$68.00 to C$75.00 in a research report issued on Sunday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 10.52% from the stock’s current price.

A number of other analysts have also recently commented on ATZ. BMO Capital Markets upped their price objective on shares of Aritzia from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Thursday. Royal Bank of Canada boosted their price objective 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. Stifel Nicolaus raised their price objective on shares of Aritzia from C$58.00 to C$66.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Canaccord Genuity Group boosted their price objective on shares of Aritzia from C$56.00 to C$62.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, CIBC lifted their price target on Aritzia from C$60.00 to C$63.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$64.44.

Aritzia Trading Up 19.1 %

ATZ stock opened at C$67.86 on Friday. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. Aritzia has a twelve month low of C$29.55 and a twelve month high of C$67.94. The company has a market cap of C$6.23 billion, a P/E ratio of 99.79, a PEG ratio of 1.19 and a beta of 1.83. The business has a fifty day moving average of C$49.86 and a 200-day moving average of C$46.57.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing the consensus estimate of C$0.13 by C($0.02). The firm had revenue of C$615.66 million for the quarter, compared to the consensus estimate of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. As a group, equities research analysts expect that Aritzia will post 1.7771148 EPS for the current year.

Insider Buying and Selling at Aritzia

In other Aritzia news, Senior Officer Karen Kwan sold 3,800 shares of the firm’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$174,800.00. Also, Director Jennifer Wong sold 2,000 shares of the business’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. Insiders sold 77,300 shares of company stock valued at $3,565,800 in the last three months. Corporate insiders own 0.94% of the company’s stock.

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.