CIBC Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ - Get Free Report) had its target price lifted by CIBC from C$63.00 to C$75.00 in a note issued to investors on Sunday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. CIBC's price target would suggest a potential upside of 10.52% from the company's current price.

Several other analysts have also weighed in on ATZ. TD Securities increased their price target on Aritzia from C$68.00 to C$75.00 and gave the company a "buy" rating in a report on Sunday. BMO Capital Markets increased their target price on shares of Aritzia from C$60.00 to C$65.00 and gave the company an "outperform" rating in a research note on Thursday. Royal Bank of Canada lifted their price target on shares of Aritzia from C$56.00 to C$65.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Canaccord Genuity Group increased their price objective on shares of Aritzia from C$62.00 to C$70.00 and gave the stock a "buy" rating in a research report on Sunday. Finally, Raymond James downgraded shares of Aritzia from an "outperform" rating to a "market perform" rating and raised their price objective for the stock from C$52.50 to C$58.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$64.44.

Aritzia Trading Up 19.1 %

Shares of TSE:ATZ traded up C$10.87 during trading on Friday, reaching C$67.86. The company's stock had a trading volume of 2,045,495 shares, compared to its average volume of 802,744. 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. Aritzia has a 12 month low of C$29.55 and a 12 month high of C$67.94. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. The firm's 50 day simple moving average is C$49.86 and its two-hundred day simple moving average is C$46.57.

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). The company had revenue of C$615.66 million for the quarter, compared to analysts' expectations of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. On average, research analysts predict that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jennifer Wong sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of C$46.50, for a total value of C$930,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total transaction of C$174,800.00. Insiders have sold 77,300 shares of company stock worth $3,565,800 in the last three months. Corporate insiders own 0.94% of the company's stock.

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.