Aritzia (TSE:ATZ) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Aritzia (TSE:ATZ - Get Free Report) had its price target hoisted by analysts at Royal Bank of Canada from C$65.00 to C$73.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank of Canada's price objective would indicate a potential upside of 13.14% from the stock's current price.

Several other research analysts have also commented on the company. BMO Capital Markets raised their price objective on Aritzia from C$60.00 to C$65.00 and gave the company an "outperform" rating in a research report on Thursday. Raymond James lifted their price target on Aritzia from C$58.00 to C$65.00 and gave the stock a "market perform" rating in a research note on Monday. CIBC raised their target price on shares of Aritzia from C$63.00 to C$75.00 and gave the stock an "outperform" rating in a report on Sunday. Stifel Nicolaus lifted their price target on Aritzia from C$66.00 to C$70.00 and gave the company a "buy" rating in a report on Monday. Finally, Canaccord Genuity Group boosted their target price on Aritzia from C$62.00 to C$70.00 and gave the stock a "buy" rating in a report on Sunday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Aritzia currently has a consensus rating of "Moderate Buy" and a consensus price target of C$66.56.

Aritzia Trading Down 4.9 %

Shares of Aritzia stock traded down C$3.34 during trading hours on Monday, reaching C$64.52. 1,528,893 shares of the company's stock were exchanged, compared to its average volume of 893,512. Aritzia has a 52-week low of C$31.82 and a 52-week high of C$67.94. The firm has a market capitalization of C$5.92 billion, a price-to-earnings ratio of 94.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The company has a fifty day moving average of C$49.86 and a 200-day moving average of C$46.63. 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 (TSE:ATZ - Get Free Report) last issued its earnings results 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 during the quarter, compared to analysts' expectations of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. Sell-side analysts forecast that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jennifer Wong sold 2,000 shares of Aritzia stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$46.00, for a total transaction of C$92,000.00. Also, Senior Officer Karen Kwan sold 6,500 shares of the business's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of C$46.00, for a total transaction of C$299,000.00. Insiders have sold a total of 77,300 shares of company stock worth $3,565,800 over the last ninety days. Company insiders own 0.94% of the company's stock.

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.