Aritzia (TSE:ATZ) Stock Price Expected to Rise, CIBC Analyst Says

Aritzia (TSE:ATZ) had its target price hoisted by research analysts at CIBC from C$63.00 to C$75.00 in a research note issued on Sunday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price target points to a potential upside of 10.52% from the company’s current price.

Several other research firms also recently issued reports on ATZ. Raymond James downgraded Aritzia from an “outperform” rating to a “market perform” rating and upped their price target for the stock from C$52.50 to C$58.00 in a research note on Tuesday, January 7th. Royal Bank of Canada increased their price target on Aritzia from C$56.00 to C$65.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. TD Securities lifted their price target on shares of Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a research report on Sunday. BMO Capital Markets upped their price objective on shares of Aritzia from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Stifel Nicolaus lifted their target price on shares of Aritzia from C$58.00 to C$66.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$64.44.

Aritzia Stock Performance

ATZ stock opened at C$67.86 on Friday. The firm has a 50 day moving average of C$49.86 and a two-hundred day moving average of C$46.57. Aritzia has a 12 month low of C$29.55 and a 12 month high of C$67.94. The company has a market capitalization of C$6.23 billion, a price-to-earnings ratio of 99.79, a P/E/G ratio of 1.19 and a beta of 1.83. 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 issued its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share (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, equities analysts anticipate that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insider Buying and Selling at Aritzia

In other news, Senior Officer Karen Kwan sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total transaction of C$174,800.00. Also, Director Jennifer Wong sold 2,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total value of C$92,000.00. Insiders sold a total of 77,300 shares of company stock valued at $3,565,800 in the last ninety days. Company 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.