Aritzia (TSE:ATZ) Price Target Raised to C$62.00 at Canaccord Genuity Group

Aritzia (TSE:ATZ) had its price objective hoisted by stock analysts at Canaccord Genuity Group from C$56.00 to C$62.00 in a note issued to investors on Monday,BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 5.28% from the stock’s previous close.

A number of other research firms have also issued reports on ATZ. Royal Bank of Canada raised Aritzia from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 31st. BMO Capital Markets upped their target price on shares of Aritzia from C$57.00 to C$60.00 in a research note on Thursday, December 19th. CIBC upped their price target on shares of Aritzia from C$60.00 to C$63.00 in a research note on Monday. TD Securities lifted their target price on Aritzia from C$58.00 to C$68.00 in a research report on Monday. Finally, Stifel Nicolaus upped their target price on Aritzia from C$50.00 to C$58.00 in a report on Friday, October 11th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$57.89.

Aritzia Price Performance

Aritzia stock traded up C$1.29 during trading hours on Monday, hitting C$58.89. 533,226 shares of the company traded hands, compared to its average volume of 580,559. The firm’s 50-day simple moving average is C$48.24 and its two-hundred day simple moving average is C$45.85. The firm has a market cap of C$5.41 billion, a P/E ratio of 86.60, a P/E/G ratio of 1.19 and a beta of 1.83. Aritzia has a 1-year low of C$24.96 and a 1-year 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.

Aritzia (TSE:ATZ) last released its earnings results 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 business had revenue of C$615.66 million during the quarter, compared to the consensus estimate of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. As a group, analysts forecast that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insider Activity

In other Aritzia news, Director Jennifer Wong sold 2,000 shares of the firm’s stock in a transaction dated 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 6,500 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of C$46.00, for a total transaction of C$299,000.00. Insiders sold a total of 77,300 shares of company stock worth $3,565,800 over the last 90 days. Corporate 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.