BMO Capital Markets Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ - Free Report) had its price objective upped by BMO Capital Markets from C$60.00 to C$65.00 in a research report released on Thursday morning,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

ATZ has been the topic of several other research reports. Stifel Nicolaus raised their target price on shares of Aritzia from C$58.00 to C$66.00 in a report on Tuesday. Raymond James cut shares of Aritzia from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from C$52.50 to C$58.00 in a research report on Tuesday. Royal Bank of Canada boosted their target price on shares of Aritzia from C$56.00 to C$65.00 in a research note on Tuesday. TD Securities raised their price target on Aritzia from C$58.00 to C$68.00 in a research note on Monday. Finally, CIBC increased their price objective on Aritzia from C$60.00 to C$63.00 in a report on Monday. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$61.44.

Aritzia Stock Down 0.1 %

ATZ traded down C$0.05 during trading hours on Thursday, hitting C$56.99. 380,846 shares of the company's stock were exchanged, compared to its average volume of 595,619. 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 12-month low of C$26.13 and a 12-month high of C$59.18. The firm has a market cap of C$5.23 billion, a P/E ratio of 83.81, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The firm has a 50 day moving average of C$49.09 and a 200 day moving average of C$46.20.

Aritzia (TSE:ATZ - Get Free Report) last released its earnings results 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 net margin of 3.26% and a return on equity of 9.84%. The company had revenue of C$615.66 million during the quarter, compared to analysts' expectations of C$581.10 million. Analysts predict that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Karen Kwan sold 3,800 shares of the business'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$174,800.00. Also, Director Jennifer Wong sold 20,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$46.00, for a total value of C$920,000.00. Insiders have sold a total of 77,300 shares of company stock valued at $3,565,800 over the last quarter. 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.