Aritzia (TSE:ATZ) Price Target Raised to C$100.00

Aritzia (TSE:ATZ) had its price objective raised by BMO Capital Markets from C$92.00 to C$100.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

Several other research firms have also commented on ATZ. CIBC lifted their price target on Aritzia from C$79.00 to C$87.00 in a report on Friday, July 11th. Desjardins raised their price objective on shares of Aritzia from C$66.00 to C$84.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Stifel Nicolaus lifted their target price on shares of Aritzia from C$67.00 to C$82.00 in a research note on Friday, July 11th. Truist Financial set a C$85.00 price target on shares of Aritzia and gave the company a “buy” rating in a research note on Thursday, August 21st. Finally, Canaccord Genuity Group raised their price target on shares of Aritzia from C$84.00 to C$95.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$87.30.

Aritzia Price Performance

TSE:ATZ opened at C$85.74 on Tuesday. Aritzia has a one year low of C$36.51 and a one year high of C$90.12. The stock has a market cap of C$9.84 billion, a PE ratio of 42.87, a P/E/G ratio of 1.19 and a beta of 1.76. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. The stock has a 50 day moving average price of C$79.41 and a 200 day moving average price of C$66.08.

Insider Activity at Aritzia

In other news, Senior Officer Philippa (Pippa) Morgan sold 1,937 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of C$73.42, for a total value of C$142,214.54. Also, Senior Officer Karen Kwan sold 3,000 shares of the stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of C$75.00, for a total transaction of C$225,000.00. Insiders have sold 94,200 shares of company stock valued at $7,000,627 in the last ninety days. 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.