Brokerages Set Aritzia Inc. (TSE:ATZ) PT at C$55.75

Aritzia Inc. (TSE:ATZ) has been given a consensus rating of “Buy” by the seven analysts that are covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have covered the stock in the last year is C$55.75.

Several research analysts recently commented on ATZ shares. Royal Bank of Canada upgraded shares of Aritzia from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 31st. BMO Capital Markets lifted their price objective on Aritzia from C$57.00 to C$60.00 in a research note on Thursday, December 19th. Stifel Nicolaus increased their target price on Aritzia from C$50.00 to C$58.00 in a research note on Friday, October 11th. TD Securities dropped their price target on Aritzia from C$60.00 to C$58.00 in a research report on Friday, October 11th. Finally, CIBC upped their price target on Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th.

Aritzia Stock Up 0.4 %

Aritzia stock opened at C$53.09 on Monday. 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 1-year low of C$24.76 and a 1-year high of C$55.00. The firm’s fifty day simple moving average is C$46.79 and its 200-day simple moving average is C$44.88. The company has a market capitalization of C$4.88 billion, a P/E ratio of 78.07, a P/E/G ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last released its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of C$615.66 million for the quarter, compared to the consensus estimate of C$581.10 million. Sell-side analysts forecast that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Karen Kwan sold 3,800 shares of the 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 2,000 shares of the firm’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$92,000.00. Over the last ninety days, insiders have sold 77,300 shares of company stock valued at $3,565,800. 0.94% of the stock is currently owned by 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.