Aritzia (TSE:ATZ) Raised to “Outperform” at BMO Capital Markets

BMO Capital Markets upgraded shares of Aritzia (TSE:ATZ) from a market perform rating to an outperform rating in a report released on Friday morning, BayStreet.CA reports. The firm currently has C$50.00 target price on the stock, up from their prior target price of C$41.00.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group upped their price objective on Aritzia from C$38.00 to C$40.00 and gave the stock a buy rating in a report on Friday. Stifel Nicolaus upped their target price on shares of Aritzia from C$34.00 to C$42.00 in a research report on Wednesday, April 3rd. Raymond James raised their price target on Aritzia from C$35.00 to C$46.00 and gave the stock an outperform rating in a research report on Tuesday, March 19th. UBS Group raised their price objective on Aritzia from C$39.00 to C$50.00 in a research note on Thursday, February 8th. Finally, CIBC upped their price objective on Aritzia from C$37.00 to C$41.00 and gave the stock an outperform rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Aritzia currently has a consensus rating of Moderate Buy and a consensus target price of C$41.60.

Aritzia Price Performance

Shares of ATZ stock opened at C$35.82 on Friday. Aritzia has a 1 year low of C$20.67 and a 1 year high of C$41.25. The company has a current ratio of 1.32, a quick ratio of 0.19 and a debt-to-equity ratio of 103.38. The firm’s 50 day moving average is C$35.50 and its 200-day moving average is C$31.08. The firm has a market capitalization of C$3.22 billion, a price-to-earnings ratio of 44.22, a PEG ratio of 1.19 and a beta of 1.85.

Insider Buying and Selling at Aritzia

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of C$40.44, for a total value of C$63,409.92. Insiders own 0.55% of the company’s stock.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.