Royal Bank of Canada Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its target price lifted by research analysts at Royal Bank of Canada from C$56.00 to C$65.00 in a research report issued on Tuesday,BayStreet.CA reports. Royal Bank of Canada’s price target points to a potential upside of 13.86% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. CIBC increased their price target on Aritzia from C$60.00 to C$63.00 in a report on Monday. BMO Capital Markets raised their target price on Aritzia from C$57.00 to C$60.00 in a research report on Thursday, December 19th. TD Securities upped their price target on shares of Aritzia from C$58.00 to C$68.00 in a research report on Monday. Stifel Nicolaus raised their price objective on shares of Aritzia from C$58.00 to C$66.00 in a report on Tuesday. Finally, Canaccord Genuity Group upped their target price on shares of Aritzia from C$56.00 to C$62.00 in a report on Monday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Aritzia presently has an average rating of “Moderate Buy” and an average price target of C$60.89.

Aritzia Price Performance

TSE ATZ traded down C$1.08 during trading hours on Tuesday, hitting C$57.09. The company had a trading volume of 344,380 shares, compared to its average volume of 616,685. The firm has a 50 day simple moving average of C$48.53 and a 200 day simple moving average of C$46.05. Aritzia has a 52 week low of C$24.96 and a 52 week high of C$59.18. The firm has a market capitalization of C$5.24 billion, a price-to-earnings ratio of 83.96, a PEG ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40.

Aritzia (TSE:ATZ) last posted its earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The firm had revenue of C$615.66 million for the quarter, compared to analysts’ expectations of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. Equities research analysts expect that Aritzia will post 1.7771148 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Karen Kwan sold 5,000 shares of Aritzia stock in a transaction on Friday, November 1st. The stock was sold at an average price of C$46.00, for a total value of C$230,000.00. Also, Director Jennifer Wong sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$92,000.00. Insiders have sold 77,300 shares of company stock worth $3,565,800 in the last three months. Company insiders own 0.94% of the company’s stock.

About Aritzia

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.