Aritzia Inc. (TSE:ATZ) Receives C$39.80 Average Price Target from Analysts

Shares of Aritzia Inc. (TSE:ATZ) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$39.80.

A number of equities analysts recently issued reports on ATZ shares. UBS Group upped their price target on shares of Aritzia from C$39.00 to C$50.00 in a research note on Thursday, February 8th. CIBC upgraded shares of Aritzia from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$30.00 to C$37.00 in a report on Thursday, January 11th. Canaccord Genuity Group boosted their price objective on shares of Aritzia from C$36.00 to C$38.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. TD Securities upped their price objective on Aritzia from C$34.00 to C$45.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada reduced their target price on Aritzia from C$41.00 to C$40.00 and set a “sector perform” rating for the company in a report on Wednesday, December 20th.

Aritzia Stock Performance

Shares of ATZ opened at C$37.59 on Friday. The company has a quick ratio of 0.19, a current ratio of 1.32 and a debt-to-equity ratio of 103.38. The stock has a market cap of C$3.38 billion, a P/E ratio of 46.41, a P/E/G ratio of 1.19 and a beta of 1.85. The business’s 50 day moving average price is C$36.23 and its 200-day moving average price is C$28.79. Aritzia has a 52 week low of C$20.67 and a 52 week high of C$44.88.

Aritzia (TSE:ATZ) last released its earnings results on Wednesday, January 10th. The company reported C$0.38 EPS for the quarter, topping the consensus estimate of C$0.34 by C$0.04. Aritzia had a return on equity of 13.01% and a net margin of 4.02%. The business had revenue of C$653.52 million for the quarter, compared to the consensus estimate of C$621.27 million. Equities research analysts anticipate that Aritzia will post 1.8288196 earnings per share for the current fiscal year.

Insider Transactions at Aritzia

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 5,000 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of C$34.77, for a total value of C$173,850.00. Insiders have sold 11,568 shares of company stock worth $407,260 in the last quarter. Company insiders own 0.55% of the company’s stock.

About Aritzia

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.