Aritzia (TSE:ATZ) Given New C$50.00 Price Target at Stifel Nicolaus

Aritzia (TSE:ATZ) had its price objective hoisted by Stifel Nicolaus from C$42.00 to C$50.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other analysts also recently weighed in on the company. Royal Bank of Canada lifted their price target on Aritzia from C$40.00 to C$46.00 and gave the company a sector perform rating in a research note on Thursday, July 4th. TD Securities boosted their target price on Aritzia from C$46.00 to C$50.00 in a research report on Friday. Raymond James decreased their target price on Aritzia from C$46.00 to C$43.00 and set an outperform rating on the stock in a research report on Friday, May 3rd. BMO Capital Markets boosted their target price on Aritzia from C$50.00 to C$52.00 in a research report on Friday. Finally, Canaccord Genuity Group boosted their target price on Aritzia from C$40.00 to C$42.00 and gave the stock a buy rating in a research report on Friday, July 5th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of C$49.25.

Aritzia Stock Down 2.0 %

Aritzia stock opened at C$46.71 on Friday. The company has a debt-to-equity ratio of 99.80, a current ratio of 1.40 and a quick ratio of 0.19. Aritzia has a 1-year low of C$20.67 and a 1-year high of C$48.23. The company has a market cap of C$4.25 billion, a PE ratio of 67.70, a price-to-earnings-growth ratio of 1.19 and a beta of 1.84. The stock’s 50 day moving average price is C$36.80 and its 200 day moving average price is C$35.47.

Aritzia (TSE:ATZ) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$0.21 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.29 by C($0.08). Aritzia had a net margin of 3.38% and a return on equity of 10.55%. The business had revenue of C$681.97 million during the quarter, compared to analysts’ expectations of C$681.70 million. On average, sell-side analysts predict that Aritzia will post 1.7411386 EPS for the current fiscal year.

Insider Transactions at Aritzia

In related news, Senior Officer Karen Kwan sold 3,000 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of C$33.00, for a total value of C$99,000.00. In related news, Senior Officer David John Maciver sold 173,254 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$36.64, for a total value of C$6,348,026.56. Also, Senior Officer Karen Kwan sold 3,000 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of C$33.00, for a total value of C$99,000.00. Insiders sold a total of 185,254 shares of company stock valued at $6,750,057 over the last three months. 0.55% of the stock is currently owned by insiders.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.