Aritzia (TSE:ATZ) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Aritzia (TSE:ATZ - Get Free Report) had its price target upped by research analysts at Stifel Nicolaus from C$66.00 to C$70.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price objective points to a potential upside of 8.49% from the company's previous close.

A number of other equities analysts also recently issued reports on the stock. TD Securities lifted their price objective on shares of Aritzia from C$68.00 to C$75.00 and gave the stock a "buy" rating in a report on Sunday. CIBC boosted their price target on shares of Aritzia from C$63.00 to C$75.00 and gave the stock an "outperform" rating in a report on Sunday. Canaccord Genuity Group boosted their price target on shares of Aritzia from C$62.00 to C$70.00 and gave the stock a "buy" rating in a report on Sunday. BMO Capital Markets boosted their price target on shares of Aritzia from C$60.00 to C$65.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Royal Bank of Canada boosted their price target on shares of Aritzia from C$56.00 to C$65.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$66.56.

Aritzia Price Performance

Shares of ATZ traded down C$3.34 during mid-day trading on Monday, reaching C$64.52. The company had a trading volume of 1,528,893 shares, compared to its average volume of 893,512. The company's 50 day simple moving average is C$49.86 and its 200 day simple moving average is C$46.63. The company 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 has a 1-year low of C$31.82 and a 1-year high of C$67.94. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40.

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

Insider Activity

In other news, Director Jennifer Wong sold 2,000 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$92,000.00. Also, Senior Officer Karen Kwan sold 5,000 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of C$46.00, for a total value of C$230,000.00. Insiders sold 77,300 shares of company stock worth $3,565,800 over the last three months. 0.94% of the stock is currently owned by corporate insiders.

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.