Royal Bank of Canada Boosts Aritzia (TSE:ATZ) Price Target to C$65.00

Aritzia (TSE:ATZ - Free Report) had its price objective lifted by Royal Bank of Canada from C$56.00 to C$65.00 in a research report report published on Tuesday,BayStreet.CA reports.

Several other brokerages have also recently commented on ATZ. TD Securities upped their target price on shares of Aritzia from C$58.00 to C$68.00 in a research report on Monday. BMO Capital Markets increased their price target on shares of Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. Canaccord Genuity Group increased their target price on shares of Aritzia from C$56.00 to C$62.00 in a research report on Monday. Stifel Nicolaus increased their target price on shares of Aritzia from C$58.00 to C$66.00 in a research report on Tuesday. Finally, CIBC increased their price target on shares of Aritzia from C$60.00 to C$63.00 in a research report on Monday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Aritzia presently has a consensus rating of "Moderate Buy" and a consensus price target of C$60.89.

Aritzia Stock Down 2.2 %

Shares of TSE:ATZ traded down C$1.26 during midday trading on Tuesday, hitting C$56.91. 481,664 shares of the stock were exchanged, compared to its average volume of 653,031. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. Aritzia has a 52-week low of C$24.96 and a 52-week high of C$59.18. The business's fifty day simple moving average is C$48.53 and its two-hundred day simple moving average is C$46.05. The company has a market capitalization of C$5.23 billion, a PE ratio of 83.69, a P/E/G ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ - Get Free Report) last released 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). The firm had revenue of C$615.66 million for the quarter, compared to analyst estimates of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. As a group, research analysts predict that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jennifer Wong sold 2,000 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total transaction of C$92,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of the stock in a transaction 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. Over the last quarter, insiders have sold 77,300 shares of company stock worth $3,565,800. 0.94% of the stock is currently owned by company insiders.

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.