Aritzia (TSE:ATZ) Price Target Raised to C$70.00 at Canaccord Genuity Group

Aritzia (TSE:ATZ - Free Report) had its price target lifted by Canaccord Genuity Group from C$62.00 to C$70.00 in a research note published on Sunday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada increased their price objective on Aritzia from C$56.00 to C$65.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. TD Securities increased their price objective on shares of Aritzia from C$68.00 to C$75.00 and gave the company a "buy" rating in a research report on Sunday. Raymond James downgraded shares of Aritzia from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from C$52.50 to C$58.00 in a research report on Tuesday, January 7th. Stifel Nicolaus boosted their target price on shares of Aritzia from C$58.00 to C$66.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Finally, CIBC raised their target price on Aritzia from C$60.00 to C$63.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$64.44.

Aritzia Stock Up 19.1 %

Shares of TSE ATZ traded up C$10.87 during midday trading on Friday, hitting C$67.86. The stock had a trading volume of 2,045,495 shares, compared to its average volume of 802,744. The company has a market cap of C$6.23 billion, a P/E ratio of 99.79, a PEG ratio of 1.19 and a beta of 1.83. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. The business's 50 day moving average is C$49.86 and its 200-day moving average is C$46.57. Aritzia has a 52 week low of C$29.55 and a 52 week high of C$67.94.

Aritzia (TSE:ATZ - Get Free Report) last issued its earnings results on Thursday, October 10th. The company reported C$0.11 EPS for the quarter, missing the consensus estimate 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 business had revenue of C$615.66 million for the quarter, compared to analysts' expectations of C$581.10 million. As a group, analysts predict that Aritzia will post 1.7771148 EPS for the current year.

Insider Buying and Selling

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of the stock in a transaction 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. Also, Senior Officer Karen Kwan sold 5,000 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of C$46.00, for a total value of C$230,000.00. In the last ninety days, insiders sold 77,300 shares of company stock valued at $3,565,800. 0.94% of the stock is owned by corporate insiders.

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.