TD Securities Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its target price raised by TD Securities from C$58.00 to C$68.00 in a research note issued on Monday,BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 19.49% from the company’s current price.

Several other research firms have also commented on ATZ. Royal Bank of Canada raised shares of Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. CIBC increased their price target on shares of Aritzia from C$47.00 to C$60.00 in a research report on Friday, October 11th. Stifel Nicolaus boosted their price objective on shares of Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. Finally, BMO Capital Markets raised their target price on Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$60.89.

Aritzia Stock Down 2.2 %

ATZ opened at C$56.91 on Monday. Aritzia has a twelve month low of C$24.96 and a twelve month high of C$59.18. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. The firm has a 50 day moving average price of C$48.81 and a 200-day moving average price of C$46.13. The stock has a market capitalization of C$5.23 billion, a price-to-earnings ratio of 83.69, a PEG 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 for the quarter, missing the consensus estimate of C$0.13 by C($0.02). Aritzia had a net margin of 3.26% and a return on equity of 9.84%. The firm had revenue of C$615.66 million for the quarter, compared to the consensus estimate of C$581.10 million. Equities research analysts forecast that Aritzia will post 1.7771148 earnings per share for the current year.

Insider Buying and Selling

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$46.00, for a total value of C$920,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total transaction of C$174,800.00. In the last quarter, insiders sold 77,300 shares of company stock valued at $3,565,800. Company insiders own 0.94% of the company’s stock.

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.