Royal Bank of Canada Raises Aritzia (TSE:ATZ) Price Target to C$73.00

Aritzia (TSE:ATZ) had its price objective hoisted by Royal Bank of Canada from C$65.00 to C$73.00 in a research report released on Monday morning,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

ATZ has been the subject of a number of other reports. BMO Capital Markets increased their price objective on Aritzia from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Raymond James increased their price target on Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a research note on Monday. Canaccord Genuity Group raised their price target on Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a report on Sunday. Stifel Nicolaus upped their price objective on shares of Aritzia from C$66.00 to C$70.00 and gave the stock a “buy” rating in a report on Monday. Finally, CIBC raised their target price on shares of Aritzia from C$63.00 to C$75.00 and gave the company an “outperform” rating in a research note on Sunday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$66.56.

Aritzia Price Performance

TSE ATZ opened at C$64.52 on Monday. The company has a 50-day moving average price of C$50.25 and a two-hundred day moving average price of C$46.82. Aritzia has a 52 week low of C$31.82 and a 52 week high of C$67.94. The stock has a market cap of C$5.92 billion, a price-to-earnings ratio of 94.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38.

Insiders Place Their Bets

In other news, Director Jennifer Wong sold 2,000 shares of Aritzia 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 value of C$92,000.00. Also, 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. Over the last three months, insiders have sold 77,300 shares of company stock worth $3,565,800. 0.94% of the stock is owned by corporate 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.