Aritzia Inc. (TSE:ATZ) Receives Average Recommendation of "Buy" from Analysts

Shares of Aritzia Inc. (TSE:ATZ - Get Free Report) have earned an average recommendation of "Buy" from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$55.38.

ATZ has been the subject of a number of recent research reports. Royal Bank of Canada raised shares of Aritzia from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 31st. BMO Capital Markets raised their target price on shares of Aritzia from C$52.00 to C$57.00 in a report on Friday, October 11th. CIBC raised their target price on shares of Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th. Stifel Nicolaus raised their target price on shares of Aritzia from C$50.00 to C$58.00 in a report on Friday, October 11th. Finally, TD Securities cut their target price on shares of Aritzia from C$60.00 to C$58.00 in a report on Friday, October 11th.

Insiders Place Their Bets

In other news, Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of Aritzia 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. Insiders sold 77,300 shares of company stock valued at $3,565,800 over the last three months. 0.94% of the stock is owned by company insiders.

Aritzia Price Performance

ATZ traded down C$0.31 on Thursday, hitting C$45.77. 68,292 shares of the company's stock traded hands, compared to its average volume of 355,761. The company's 50 day simple moving average is C$46.52 and its 200-day simple moving average is C$42.85. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. Aritzia has a one year low of C$22.88 and a one year high of C$51.80. The firm has a market cap of C$4.20 billion, a price-to-earnings ratio of 67.76, a P/E/G ratio of 1.19 and a beta of 1.83.

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

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.