Aritzia (TSE:ATZ) Price Target Raised to C$82.00

Aritzia (TSE:ATZ) had its target price boosted by Stifel Nicolaus from C$67.00 to C$82.00 in a report published on Friday morning,BayStreet.CA reports.

A number of other research firms have also recently commented on ATZ. BMO Capital Markets lifted their price target on Aritzia from C$80.00 to C$84.00 in a report on Thursday. UBS Group lifted their target price on Aritzia from C$61.00 to C$66.00 in a research note on Friday, May 2nd. Raymond James Financial boosted their target price on Aritzia from C$60.00 to C$78.00 and gave the stock an “outperform” rating in a report on Tuesday, June 3rd. TD Securities raised their price target on Aritzia from C$70.00 to C$81.00 and gave the company a “buy” rating in a report on Monday, June 9th. Finally, Canaccord Genuity Group decreased their price objective on shares of Aritzia from C$70.00 to C$64.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Aritzia presently has a consensus rating of “Moderate Buy” and a consensus price target of C$81.50.

Aritzia Stock Performance

Shares of ATZ opened at C$75.14 on Friday. The company has a market cap of C$8.96 billion, a PE ratio of 66.02, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The firm has a 50-day moving average of C$67.28 and a 200-day moving average of C$60.90. Aritzia has a one year low of C$36.51 and a one year high of C$78.88. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19.

Insider Buying and Selling at Aritzia

In other Aritzia news, Director Jennifer Wong sold 15,000 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of C$68.25, for a total transaction of C$1,023,750.00. Also, Senior Officer David John Maciver sold 10,000 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of C$64.09, for a total transaction of C$640,900.00. Insiders have sold a total of 60,000 shares of company stock valued at $4,042,550 in the last ninety days. 0.94% of the stock is currently owned by corporate insiders.

About Aritzia

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories.