Stifel Nicolaus Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ) had its target price boosted by investment analysts at Stifel Nicolaus from C$58.00 to C$66.00 in a research report issued on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ target price would suggest a potential upside of 15.61% from the stock’s current price.

A number of other brokerages also recently issued reports on ATZ. Canaccord Genuity Group lifted their price objective on shares of Aritzia from C$56.00 to C$62.00 in a research report on Monday. CIBC lifted their price target on shares of Aritzia from C$60.00 to C$63.00 in a report on Monday. BMO Capital Markets increased their price objective on Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. Royal Bank of Canada upgraded Aritzia from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 31st. Finally, TD Securities raised their price target on Aritzia from C$58.00 to C$68.00 in a report on Monday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$60.89.

Aritzia Trading Down 1.9 %

Aritzia stock 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 company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. Aritzia has a 1 year low of C$24.96 and a 1 year high of C$59.18. The company has a 50-day moving average price of C$48.53 and a two-hundred day moving average price of C$46.05. The firm has a market cap of C$5.24 billion, a P/E ratio of 83.96, a P/E/G ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last released its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.02). Aritzia had a return on equity of 9.84% and a net margin of 3.26%. The company had revenue of C$615.66 million during the quarter, compared to the consensus estimate of C$581.10 million. On average, sell-side analysts anticipate that Aritzia will post 1.7771148 earnings per share for the current year.

Insider Buying and Selling

In other Aritzia news, Director Jennifer Wong sold 2,000 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 value of C$92,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of Aritzia stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total transaction of C$174,800.00. Insiders have sold 77,300 shares of company stock worth $3,565,800 in the last ninety days. 0.94% of the stock is owned by corporate 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.