Aritzia (TSE:ATZ) Price Target Raised to C$63.00 at CIBC

Aritzia (TSE:ATZ) had its price target upped by CIBC from C$60.00 to C$63.00 in a research note released on Monday morning,BayStreet.CA reports.

Other equities analysts also recently issued reports about the stock. TD Securities increased their target price on shares of Aritzia from C$58.00 to C$68.00 in a research report on Monday. Stifel Nicolaus increased their price objective on Aritzia from C$50.00 to C$58.00 in a report on Friday, October 11th. Royal Bank of Canada raised Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets lifted their price target on shares of Aritzia from C$57.00 to C$60.00 in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Aritzia presently has an average rating of “Moderate Buy” and an average target price of C$60.89.

Aritzia Trading Up 0.2 %

Shares of TSE ATZ opened at C$57.04 on Monday. The stock has a market cap of C$5.24 billion, a price-to-earnings ratio of 83.88, a PEG ratio of 1.19 and a beta of 1.83. The business has a 50 day simple moving average of C$48.81 and a 200 day simple moving average of C$46.13. 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 52 week low of C$25.32 and a 52 week high of C$59.18.

Aritzia (TSE:ATZ) last announced 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). The business had revenue of C$615.66 million for the quarter, compared to analyst estimates of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. On average, research analysts predict that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insider Transactions at Aritzia

In other news, Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. Also, Senior Officer Karen Kwan sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of C$46.00, for a total value of C$230,000.00. Insiders sold a total of 77,300 shares of company stock worth $3,565,800 over the last three months. 0.94% of the stock is currently owned by insiders.

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.