BMO Capital Markets Boosts Aritzia (TSE:ATZ) Price Target to C$65.00

Aritzia (TSE:ATZ) had its price objective hoisted by research analysts at BMO Capital Markets from C$60.00 to C$65.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 12.59% from the company’s current price.

A number of other brokerages also recently weighed in on ATZ. Royal Bank of Canada increased their price objective on shares of Aritzia from C$56.00 to C$65.00 in a research report on Tuesday. CIBC upped their target price on shares of Aritzia from C$60.00 to C$63.00 in a report on Monday. Stifel Nicolaus raised their price target on Aritzia from C$58.00 to C$66.00 in a report on Tuesday. Raymond James cut shares of Aritzia from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from C$52.50 to C$58.00 in a research report on Tuesday. Finally, Canaccord Genuity Group lifted their price objective on shares of Aritzia from C$56.00 to C$62.00 in a research note on Monday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$61.44.

Aritzia Trading Up 1.2 %

Shares of TSE ATZ traded up C$0.69 during midday trading on Thursday, hitting C$57.73. 204,898 shares of the company traded hands, compared to its average volume of 565,017. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. Aritzia has a 12-month low of C$26.13 and a 12-month high of C$59.18. The stock has a 50-day moving average price of C$49.09 and a 200 day moving average price of C$46.20. The firm has a market cap of C$5.30 billion, a P/E ratio of 84.90, a P/E/G ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The company had revenue of C$615.66 million for the quarter, compared to the consensus estimate of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. As a group, analysts expect that Aritzia will post 1.7771148 earnings per share for the current year.

Insider Activity

In other Aritzia news, Senior Officer Karen Kwan sold 5,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of C$46.00, for a total transaction of C$230,000.00. Also, Director Jennifer Wong sold 20,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. Insiders have sold a total of 77,300 shares of company stock worth $3,565,800 over the last 90 days. 0.94% of the stock is currently owned by company insiders.

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.