Karen Kwan Sells 6,500 Shares of Aritzia Inc. (TSE:ATZ) Stock

Aritzia Inc. (TSE:ATZ) Senior Officer Karen Kwan sold 6,500 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of C$46.00, for a total transaction of C$299,000.00.

Karen Kwan also recently made the following trade(s):

• On Friday, November 8th, Karen Kwan sold 3,800 shares of Aritzia stock. The stock was sold at an average price of C$46.00, for a total value of C$174,800.00.
• On Friday, November 1st, Karen Kwan sold 5,000 shares of Aritzia stock. The shares were sold at an average price of C$46.00, for a total transaction of C$230,000.00.

Aritzia Stock Performance

TSE ATZ opened at C$44.64 on Wednesday. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19. The company has a market cap of C$4.10 billion, a P/E ratio of 65.65, a P/E/G ratio of 1.19 and a beta of 1.83. The stock has a 50-day moving average of C$46.80 and a two-hundred day moving average of C$42.52. Aritzia Inc. has a 1-year low of C$22.88 and a 1-year high of C$51.80.

Aritzia (TSE:ATZ) last posted its earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share 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 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, analysts anticipate that Aritzia Inc. will post 1.7771148 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. CIBC boosted their price objective on Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th. Stifel Nicolaus lifted their target price on Aritzia from C$50.00 to C$58.00 in a research note 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. TD Securities decreased their price objective on shares of Aritzia from C$60.00 to C$58.00 in a research report on Friday, October 11th. Finally, Canaccord Genuity Group raised their target price on Aritzia from C$46.00 to C$52.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, Aritzia has a consensus rating of “Buy” and an average target price of C$55.38.

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.