BMO Capital Markets Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ) had its target price lifted by BMO Capital Markets from C$60.00 to C$65.00 in a report issued on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages also recently weighed in on ATZ. Canaccord Genuity Group upped their price objective on Aritzia from C$56.00 to C$62.00 in a research report on Monday. CIBC upped their target price on shares of Aritzia from C$60.00 to C$63.00 in a report on Monday. Stifel Nicolaus boosted their price objective on Aritzia from C$58.00 to C$66.00 in a report on Tuesday. TD Securities lifted their target price on Aritzia from C$58.00 to C$68.00 in a research report on Monday. Finally, Royal Bank of Canada increased their price target on Aritzia from C$56.00 to C$65.00 in a research report on Tuesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$61.44.

Aritzia Price Performance

TSE:ATZ opened at C$56.99 on Thursday. Aritzia has a 52-week low of C$26.13 and a 52-week high of C$59.18. The company has a market cap of C$5.23 billion, a P/E ratio of 83.81, a P/E/G ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. The stock’s 50-day simple moving average is C$49.09 and its 200 day simple moving average is C$46.20.

Aritzia (TSE:ATZ) last released its quarterly earnings data 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 net margin of 3.26% and a return on equity of 9.84%. The company had revenue of C$615.66 million during the quarter, compared to analyst estimates of C$581.10 million. As a group, sell-side analysts forecast that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Karen Kwan sold 5,000 shares of the firm’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 transaction of C$230,000.00. Also, Director Jennifer Wong sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$46.00, for a total value of C$920,000.00. Insiders sold a total of 77,300 shares of company stock valued at $3,565,800 in the last ninety days. 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.