Aritzia Inc. (TSE:ATZ) Receives Consensus Rating of “Buy” from Analysts

Shares of Aritzia Inc. (TSE:ATZ) have received an average recommendation of “Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$55.38.

A number of research analysts have recently issued reports on ATZ shares. BMO Capital Markets lifted their price objective on shares of Aritzia from C$52.00 to C$57.00 in a research report on Friday, October 11th. TD Securities cut their target price on Aritzia from C$60.00 to C$58.00 in a research report on Friday, October 11th. Royal Bank of Canada upgraded Aritzia from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 31st. Canaccord Genuity Group increased their price target on shares of Aritzia from C$46.00 to C$52.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Stifel Nicolaus boosted their target price on shares of Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th.

Insider Transactions at Aritzia

In related news, Senior Officer Karen Kwan sold 5,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of C$46.00, for a total transaction of C$230,000.00. Insiders own 0.94% of the company’s stock.

Aritzia Trading Up 2.4 %

Shares of ATZ opened at C$45.60 on Friday. The firm has a market capitalization of C$4.19 billion, a price-to-earnings ratio of 67.06, a PEG ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19. Aritzia has a 1-year low of C$22.88 and a 1-year high of C$51.80. The company has a 50-day moving average of C$46.77 and a 200 day moving average of C$41.99.

Aritzia (TSE:ATZ) last issued its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) 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 net margin of 3.26% and a return on equity of 9.84%. On average, research analysts expect that Aritzia will post 1.7771148 EPS for the current year.

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.