Stifel Nicolaus Increases Aritzia (TSE:ATZ) Price Target to C$70.00

Aritzia (TSE:ATZ) had its target price raised by equities research analysts at Stifel Nicolaus from C$66.00 to C$70.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 3.15% from the company’s current price.

Several other analysts have also issued reports on the company. TD Securities upped their target price on Aritzia from C$68.00 to C$75.00 and gave the stock 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 upped their price objective for the company from C$52.50 to C$58.00 in a research note on Tuesday, January 7th. Canaccord Genuity Group lifted their target price on shares of Aritzia from C$62.00 to C$70.00 and gave the stock a “buy” rating in a research report on Sunday. BMO Capital Markets upped their price target on shares of Aritzia from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Royal Bank of Canada raised their price objective on Aritzia from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$66.56.

Aritzia Stock Up 19.1 %

Shares of TSE:ATZ opened at C$67.86 on Monday. The firm has a fifty day moving average of C$49.86 and a 200 day moving average of C$46.63. Aritzia has a 52-week low of C$29.55 and a 52-week high of C$67.94. 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 firm has a market capitalization of C$6.23 billion, a PE ratio of 99.79, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The firm had revenue of C$615.66 million during the quarter, compared to analysts’ expectations of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. As a group, research analysts anticipate that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insider Buying and Selling at Aritzia

In related news, Senior Officer Karen Kwan sold 3,800 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$174,800.00. Also, Director Jennifer Wong sold 20,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$46.00, for a total transaction of C$920,000.00. Over the last quarter, insiders have sold 77,300 shares of company stock worth $3,565,800. 0.94% of the stock is currently owned by company 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.