Aritzia Inc. (TSE:ATZ) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Aritzia Inc. (TSE:ATZ) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$62.42.

Several equities analysts have recently weighed in on ATZ shares. Royal Bank of Canada lifted their price objective on Aritzia from C$65.00 to C$73.00 and gave the company an “outperform” rating in a report on Monday, January 13th. CIBC cut their price target on shares of Aritzia from C$1.80 to C$1.20 and set an “underperform” rating on the stock in a research note on Friday, March 14th. BMO Capital Markets increased their price objective on shares of Aritzia from C$68.00 to C$80.00 in a research report on Friday, February 14th. Desjardins set a C$82.00 price objective on shares of Aritzia and gave the company a “buy” rating in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus set a C$73.00 target price on Aritzia and gave the stock a “buy” rating in a report on Thursday, March 13th.

Insider Activity at Aritzia

In other news, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of C$68.50, for a total value of C$493,200.00. Also, Senior Officer Margot Johnson sold 3,500 shares of Aritzia stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of C$72.14, for a total value of C$252,490.00. Over the last quarter, insiders have sold 56,298 shares of company stock valued at $3,801,028. 0.94% of the stock is owned by insiders.

Aritzia Stock Performance

Shares of Aritzia stock opened at C$42.19 on Wednesday. Aritzia has a 12 month low of C$31.82 and a 12 month high of C$73.44. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. The company has a market capitalization of C$5.03 billion, a PE ratio of 37.07, a PEG ratio of 1.19 and a beta of 1.83. The stock’s fifty day simple moving average is C$61.49 and its 200 day simple moving average is C$54.57.

About Aritzia

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.