Aritzia (TSE:ATZ) Stock Price Expected to Rise, Raymond James Analyst Says

Aritzia (TSE:ATZ - Free Report) had its target price hoisted by Raymond James from C$58.00 to C$65.00 in a research note issued to investors on Monday,BayStreet.CA reports. Raymond James currently has a market perform rating on the stock.

ATZ has been the topic of several other reports. Stifel Nicolaus raised their price objective on Aritzia from C$66.00 to C$70.00 and gave the company a "buy" rating in a report on Monday. BMO Capital Markets raised their target price on 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 raised their target price 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. TD Securities raised their target price on Aritzia from C$68.00 to C$75.00 and gave the company a "buy" rating in a research report on Sunday. Finally, CIBC raised their target price on Aritzia from C$63.00 to C$75.00 and gave the company an "outperform" rating in a research report on Sunday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$66.56.

Aritzia Price Performance

ATZ traded down C$3.34 during trading on Monday, hitting C$64.52. The company's stock had a trading volume of 1,528,893 shares, compared to its average volume of 893,512. 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 twelve month low of C$31.82 and a twelve month high of C$67.94. The business's fifty day simple moving average is C$49.86 and its 200 day simple moving average is C$46.63. The firm has a market capitalization of C$5.92 billion, a price-to-earnings ratio of 94.88, a P/E/G ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ - Get Free Report) last issued its quarterly earnings data 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 net margin of 3.26% and a return on equity of 9.84%. The business had revenue of C$615.66 million during the quarter, compared to analyst estimates of C$581.10 million. On average, equities research analysts forecast that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insider Buying and Selling at Aritzia

In other news, Senior Officer Karen Kwan sold 3,800 shares of the company's stock in a transaction dated Friday, November 8th. The stock was 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 the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$46.00, for a total value of C$920,000.00. Insiders have sold 77,300 shares of company stock worth $3,565,800 over the last quarter. 0.94% of the stock is currently owned by company 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.