CIBC Boosts Aritzia (TSE:ATZ) Price Target to C$63.00

Aritzia (TSE:ATZ - Free Report) had its target price hoisted by CIBC from C$60.00 to C$63.00 in a report issued on Monday morning,BayStreet.CA reports.

Several other research analysts also recently commented on the stock. Royal Bank of Canada raised shares of Aritzia from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 31st. Stifel Nicolaus boosted their target price on Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. TD Securities raised their price target on Aritzia from C$58.00 to C$68.00 in a report on Monday. Finally, BMO Capital Markets boosted their price objective on Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Aritzia presently has an average rating of "Buy" and a consensus price target of C$57.89.

Aritzia Price Performance

ATZ traded up C$0.57 during trading on Monday, reaching C$58.17. 886,700 shares of the company were exchanged, compared to its average volume of 710,153. Aritzia has a 12-month low of C$24.96 and a 12-month high of C$59.18. The company's 50-day moving average is C$48.53 and its two-hundred day moving average is C$46.05. 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 company has a market cap of C$5.34 billion, a price-to-earnings ratio of 85.54, a P/E/G ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ - Get Free Report) last announced its quarterly 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 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 analysts' expectations of C$581.10 million. Research analysts forecast that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insider Buying and Selling at Aritzia

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of C$46.50, for a total value of C$930,000.00. Also, Senior Officer Karen Kwan sold 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of C$46.00, for a total value of C$230,000.00. Insiders have sold 77,300 shares of company stock worth $3,565,800 over the last ninety days. 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.