Aritzia (TSE:ATZ) Price Target Raised to C$70.00

Aritzia (TSE:ATZ) had its target price raised by Stifel Nicolaus from C$66.00 to C$70.00 in a research report released on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. TD Securities boosted their price objective on shares of Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a research note on Sunday. Raymond James cut shares of Aritzia from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from C$52.50 to C$58.00 in a research report on Tuesday, January 7th. Royal Bank of Canada boosted their price target on Aritzia from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. BMO Capital Markets upped their target price on shares of Aritzia from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Finally, CIBC boosted their price target on Aritzia from C$63.00 to C$75.00 and gave the company an “outperform” rating in a report on Sunday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Aritzia presently has a consensus rating of “Moderate Buy” and an average target price of C$66.56.

Aritzia Stock Down 0.7 %

Shares of TSE ATZ opened at C$65.87 on Monday. Aritzia has a 52 week low of C$31.82 and a 52 week high of C$67.94. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. The stock has a market capitalization of C$6.05 billion, a price-to-earnings ratio of 96.87, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The firm has a 50-day moving average price of C$51.06 and a 200 day moving average price of C$47.08.

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 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. Also, Director Jennifer Wong sold 20,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$46.00, for a total value of C$920,000.00. Over the last 90 days, insiders have sold 77,300 shares of company stock valued at $3,565,800. Corporate 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.