Aritzia Inc. (TSE:ATZ) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Aritzia Inc. (TSE:ATZ) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$62.42.

Several research analysts have issued reports on the company. Canaccord Genuity Group upped 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, January 12th. Raymond James boosted their target price on Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. BMO Capital Markets upped their target price on Aritzia from C$68.00 to C$80.00 in a report on Friday, February 14th. TD Securities dropped their price target on Aritzia from C$75.00 to C$74.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, CIBC reduced their price objective on shares of Aritzia from C$1.80 to C$1.20 and set an “underperform” rating for the company in a research note on Friday, March 14th.

Aritzia Stock Down 0.7 %

TSE ATZ opened at C$50.22 on Wednesday. Aritzia has a 12 month low of C$31.82 and a 12 month high of C$73.44. The company has a market capitalization of C$5.99 billion, a P/E ratio of 44.13, a PEG ratio of 1.19 and a beta of 1.83. The company’s 50 day simple moving average is C$62.97 and its 200 day simple moving average is C$54.53. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19.

Insider Transactions at Aritzia

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 3,023 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$70.10, for a total value of C$211,912.30. Also, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of C$68.50, for a total value of C$493,200.00. Insiders sold 56,298 shares of company stock valued at $3,801,028 over the last three months. 0.94% of the stock is owned by corporate insiders.

About Aritzia

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories.