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

Aritzia (TSE:ATZ - Get Free Report) had its price objective raised by analysts at TD Securities from C$68.00 to C$75.00 in a research report issued on Sunday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price objective suggests a potential upside of 10.52% from the company's current price.

ATZ has been the topic of several other research reports. Stifel Nicolaus upped their price objective on Aritzia from C$58.00 to C$66.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Raymond James cut Aritzia from an "outperform" rating to a "market perform" rating and upped their price target for the company from C$52.50 to C$58.00 in a research report on Tuesday, January 7th. Canaccord Genuity Group lifted their price objective on Aritzia from C$56.00 to C$62.00 and gave the stock a "buy" rating in a report on Monday, January 6th. 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 report on Thursday. Finally, Royal Bank of Canada increased their target price on shares of Aritzia from C$56.00 to C$65.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Aritzia has an average rating of "Moderate Buy" and a consensus target price of C$64.44.

Aritzia Stock Up 19.1 %

ATZ traded up C$10.87 during mid-day trading on Friday, reaching C$67.86. 2,045,495 shares of the stock were exchanged, compared to its average volume of 802,744. The company has a 50 day moving average price of C$49.86 and a two-hundred day moving average price of C$46.57. The stock has a market capitalization of C$6.23 billion, a PE ratio of 99.79, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. 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 has a 1 year low of C$29.55 and a 1 year high of C$67.94.

Aritzia (TSE:ATZ - Get Free Report) last issued 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 return on equity of 9.84% and a net margin of 3.26%. The firm had revenue of C$615.66 million during the quarter, compared to the consensus estimate of C$581.10 million. As a group, research analysts anticipate that Aritzia will post 1.7771148 EPS for the current year.

Insider Activity

In related news, Senior Officer Karen Kwan sold 3,800 shares of the company's stock in a transaction on Friday, November 8th. The shares were 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 stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total value of C$92,000.00. 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.