Canaccord Genuity Group Boosts Aritzia (TSE:ATZ) Price Target to C$62.00

Aritzia (TSE:ATZ) had its price target hoisted by research analysts at Canaccord Genuity Group from C$56.00 to C$62.00 in a research note issued to investors on Monday,BayStreet.CA reports. Canaccord Genuity Group’s target price indicates a potential upside of 8.94% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on ATZ. TD Securities lifted their target price on shares of Aritzia from C$58.00 to C$68.00 in a research report on Monday. BMO Capital Markets upped their target price on Aritzia from C$57.00 to C$60.00 in a research note on Thursday, December 19th. Royal Bank of Canada raised Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. Stifel Nicolaus upped their price objective on Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. Finally, CIBC lifted their price objective on 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 assigned a buy rating to the company. According to MarketBeat, Aritzia has a consensus rating of “Moderate Buy” and an average price target of C$60.89.

Aritzia Price Performance

Shares of TSE:ATZ opened at C$56.91 on Monday. Aritzia has a 12 month low of C$24.96 and a 12 month high of C$59.18. The firm has a market capitalization of C$5.23 billion, a price-to-earnings ratio of 83.69, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The business’s 50 day simple moving average is C$48.81 and its 200-day simple moving average is C$46.13. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19.

Aritzia (TSE:ATZ) last posted its earnings results 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 firm had revenue of C$615.66 million during the quarter, compared to analyst estimates of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. As a group, equities analysts forecast that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insider Activity at Aritzia

In other news, Senior Officer Karen Kwan sold 3,800 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$174,800.00. Also, Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of C$46.50, for a total transaction of C$930,000.00. Over the last ninety days, insiders sold 77,300 shares of company stock worth $3,565,800. 0.94% of the stock is currently owned by 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.