Aritzia (TSE:ATZ) Upgraded at Desjardins

Desjardins upgraded shares of Aritzia (TSE:ATZ) to a moderate buy rating in a research note released on Tuesday morning,Zacks.com reports.

Other research analysts have also issued research reports about the company. TD Securities increased their price target on Aritzia from C$68.00 to C$75.00 and gave the stock a “buy” rating in a research note on Sunday, January 12th. CIBC increased their target price on Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Sunday, January 12th. Royal Bank of Canada raised their price target on Aritzia from C$65.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Canaccord Genuity Group upped their price objective on shares of Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a research note on Sunday, January 12th. Finally, Raymond James raised their target price on shares of Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$69.60.

Aritzia Stock Performance

Shares of ATZ opened at C$67.08 on Tuesday. Aritzia has a 1 year low of C$31.82 and a 1 year high of C$73.44. The company’s 50 day simple moving average is C$64.04 and its 200 day simple moving average is C$52.48. The company has a market capitalization of C$8.00 billion, a price-to-earnings ratio of 58.94, a PEG ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29.

Insider Buying and Selling at Aritzia

In other Aritzia news, Senior Officer Karen Kwan sold 29,966 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of C$65.96, for a total value of C$1,976,557.36. Also, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of C$68.50, for a total value of C$493,200.00. Insiders have sold a total of 56,298 shares of company stock valued at $3,801,028 over the last ninety days. Corporate insiders own 0.94% of the company’s stock.

Aritzia Company Profile

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories.