Aritzia (TSE:ATZ) Given New C$60.00 Price Target at BMO Capital Markets

Aritzia (TSE:ATZ - Free Report) had its target price increased by BMO Capital Markets from C$57.00 to C$60.00 in a research note released on Thursday morning,BayStreet.CA reports.

Several other equities analysts also recently commented on the company. Royal Bank of Canada upgraded Aritzia from a "sector perform" rating to an "outperform" rating in a research report on Thursday, October 31st. CIBC increased their price target on shares of Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th. TD Securities cut their price target on shares of Aritzia from C$60.00 to C$58.00 in a report on Friday, October 11th. Finally, Stifel Nicolaus boosted their target price on Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$55.75.

Aritzia Stock Performance

TSE:ATZ traded up C$0.59 during trading hours on Thursday, reaching C$51.32. The company had a trading volume of 314,389 shares, compared to its average volume of 354,402. The firm's 50 day moving average price is C$46.53 and its 200-day moving average price is C$44.25. The firm has a market cap of C$4.71 billion, a price-to-earnings ratio of 75.47, a PEG ratio of 1.19 and a beta of 1.83. 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 52 week low of C$24.76 and a 52 week high of C$52.74.

Aritzia (TSE:ATZ - Get Free Report) last posted its earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share 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 firm had revenue of C$615.66 million during the quarter, compared to the consensus estimate of C$581.10 million. On average, analysts forecast that Aritzia will post 1.7771148 EPS for the current year.

Insider Activity at Aritzia

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of C$46.50, for a total transaction of C$930,000.00. Also, Senior Officer Karen Kwan sold 5,000 shares of Aritzia stock in a transaction on 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 have sold a total of 77,300 shares of company stock worth $3,565,800 over the last quarter. 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.