Aritzia (TSE:ATZ) Stock Price Expected to Rise, TD Securities Analyst Says

Aritzia (TSE:ATZ) had its price objective boosted by TD Securities from C$58.00 to C$68.00 in a research note released on Monday morning,BayStreet.CA reports.

ATZ has been the subject of a number of other reports. Stifel Nicolaus lifted their price target on shares of Aritzia from C$50.00 to C$58.00 in a report on Friday, October 11th. CIBC lifted their target price on shares of Aritzia from C$47.00 to C$60.00 in a research note on Friday, October 11th. Royal Bank of Canada raised Aritzia from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets raised their price objective 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$60.89.

Aritzia Price Performance

Shares of TSE:ATZ opened at C$57.04 on Monday. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. The business’s fifty day moving average price is C$48.81 and its two-hundred day moving average price is C$46.13. The stock has a market cap of C$5.24 billion, a PE ratio of 83.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. Aritzia has a one year low of C$25.32 and a one year high of C$59.18.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 EPS for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The company had revenue of C$615.66 million for 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%. On average, analysts forecast that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jennifer Wong sold 2,000 shares of Aritzia stock in a transaction 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. Also, Senior Officer Karen Kwan sold 3,800 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total value of C$174,800.00. In 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 company 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.