BMO Capital Markets Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its price target raised by equities research analysts at BMO Capital Markets from C$68.00 to C$80.00 in a note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 15.81% from the company’s current price.

Several other research firms also recently commented on ATZ. CIBC raised their price objective on Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a report on Sunday, January 12th. Stifel Nicolaus increased their target price on shares of Aritzia from C$66.00 to C$70.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Royal Bank of Canada boosted their price objective on shares of Aritzia from C$65.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Raymond James upped their target price on Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. Finally, TD Securities boosted their price target on Aritzia from C$68.00 to C$75.00 and gave the stock a “buy” rating in a research report on Sunday, January 12th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$68.22.

Aritzia Trading Down 0.8 %

ATZ traded down C$0.53 during trading hours on Friday, reaching C$69.08. 208,163 shares of the company’s stock traded hands, compared to its average volume of 633,484. The firm has a 50-day moving average price of C$60.79 and a 200 day moving average price of C$51.00. The firm has a market capitalization of C$8.24 billion, a PE ratio of 60.70, a PEG ratio of 1.19 and a beta of 1.83. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. Aritzia has a 52-week low of C$31.82 and a 52-week high of C$73.44.

Insider Buying and Selling at Aritzia

In related news, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of C$68.50, for a total value of C$493,200.00. Also, Senior Officer Margot Johnson sold 3,500 shares of Aritzia stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of C$72.14, for a total value of C$252,490.00. Over the last ninety days, insiders sold 76,298 shares of company stock worth $4,721,028. 0.94% of the stock is owned by insiders.

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.