Aritzia (TSE:ATZ) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Aritzia (TSE:ATZ - Get Free Report) had its price objective hoisted by stock analysts at Stifel Nicolaus from C$58.00 to C$66.00 in a research note issued on Tuesday,BayStreet.CA reports. Stifel Nicolaus' target price suggests a potential upside of 15.97% from the stock's current price.

ATZ has been the subject of a number of other research reports. CIBC raised their price objective on shares of Aritzia from C$60.00 to C$63.00 in a research note on Monday. BMO Capital Markets lifted their price target on shares of Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. TD Securities boosted their price target on shares of Aritzia from C$58.00 to C$68.00 in a research note on Monday. Canaccord Genuity Group boosted their price objective on shares of Aritzia from C$56.00 to C$62.00 in a report on Monday. Finally, Royal Bank of Canada upgraded shares of Aritzia from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$60.89.

Aritzia Stock Down 2.2 %

TSE:ATZ traded down C$1.26 on Tuesday, reaching C$56.91. The stock had a trading volume of 481,664 shares, compared to its average volume of 653,031. 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$24.96 and a 12-month high of C$59.18. The company has a 50-day moving average of C$48.53 and a 200 day moving average of C$46.05. The stock has a market cap of C$5.23 billion, a P/E ratio of 83.69, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ - Get Free Report) last released its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing the consensus estimate of C$0.13 by C($0.02). The business 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%. On average, research analysts predict that Aritzia will post 1.7771148 earnings per share for the current year.

Insider Activity

In other Aritzia news, Senior Officer Karen Kwan sold 3,800 shares of the business's stock in a transaction that occurred 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. Also, Director Jennifer Wong sold 20,000 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. In the last three months, insiders have sold 77,300 shares of company stock worth $3,565,800. Corporate 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.