Aritzia Inc. (TSE:ATZ) Receives Consensus Rating of “Buy” from Analysts

Shares of Aritzia Inc. (TSE:ATZ) have been given a consensus rating of “Buy” by the seven analysts that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$55.38.

Several analysts recently issued reports on the stock. CIBC boosted their price objective on shares of Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th. BMO Capital Markets boosted their price target on shares of Aritzia from C$52.00 to C$57.00 in a research note on Friday, October 11th. TD Securities lowered their price objective on shares of Aritzia from C$60.00 to C$58.00 in a research report on Friday, October 11th. Royal Bank of Canada upgraded shares of Aritzia from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus upped their price target on Aritzia from C$50.00 to C$58.00 in a research note on Friday, October 11th.

Aritzia Stock Performance

Aritzia stock opened at C$46.08 on Thursday. The stock has a market cap of C$4.23 billion, a price-to-earnings ratio of 67.76, a price-to-earnings-growth 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 firm has a 50 day simple moving average of C$46.55 and a 200-day simple moving average of C$42.78. Aritzia has a 1-year low of C$22.88 and a 1-year high of C$51.80.

Aritzia (TSE:ATZ) last posted its earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.02). Aritzia had a return on equity of 9.84% and a net margin of 3.26%. The business had revenue of C$615.66 million for the quarter, compared to analyst estimates of C$581.10 million. On average, analysts expect that Aritzia will post 1.7771148 EPS for the current year.

Insider Activity at Aritzia

In other Aritzia news, Director Jennifer Wong sold 2,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total transaction of C$92,000.00. Also, Senior Officer Karen Kwan sold 6,500 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of C$46.00, for a total value of C$299,000.00. Over the last quarter, insiders sold 77,300 shares of company stock worth $3,565,800. Corporate 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.