Royal Bank of Canada Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its price objective upped by Royal Bank of Canada from C$56.00 to C$65.00 in a research note published on Tuesday morning,BayStreet.CA reports.

Several other equities analysts also recently weighed in on ATZ. CIBC increased their price target on shares of Aritzia from C$60.00 to C$63.00 in a report on Monday. Stifel Nicolaus increased their price objective on shares of Aritzia from C$58.00 to C$66.00 in a research note on Tuesday. BMO Capital Markets raised their target price on shares of Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. TD Securities upped their price target on shares of Aritzia from C$58.00 to C$68.00 in a report on Monday. Finally, Canaccord Genuity Group lifted their price objective on Aritzia from C$56.00 to C$62.00 in a research note on Monday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Aritzia currently has an average rating of “Moderate Buy” and an average price target of C$61.44.

Aritzia Price Performance

TSE ATZ opened at C$56.99 on Tuesday. The company has a market cap of C$5.23 billion, a price-to-earnings ratio of 83.81, a PEG ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19. The stock’s fifty day moving average price is C$49.09 and its 200 day moving average price is C$46.20. Aritzia has a 1 year low of C$26.13 and a 1 year high of C$59.18.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of C$581.10 million. As a group, equities research analysts forecast that Aritzia will post 1.7771148 earnings per share for the current year.

Insiders Place Their Bets

In other news, Senior Officer Karen Kwan sold 3,800 shares of the company’s 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$174,800.00. Also, Director Jennifer Wong sold 20,000 shares of the business’s stock in a transaction that occurred 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. Over the last 90 days, insiders have sold 77,300 shares of company stock valued at $3,565,800. Insiders own 0.94% of the company’s stock.

About Aritzia

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.