Aritzia (TSE:ATZ) Given New C$73.00 Price Target at Royal Bank of Canada

Aritzia (TSE:ATZ) had its target price hoisted by analysts at Royal Bank of Canada from C$65.00 to C$73.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 7.57% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. CIBC lifted their price target on Aritzia from C$63.00 to C$75.00 and gave the company an “outperform” rating in a research note on Sunday. TD Securities lifted their target price on Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a research report on Sunday. Stifel Nicolaus boosted their target price on Aritzia from C$66.00 to C$70.00 and gave the stock a “buy” rating in a research note on Monday. Canaccord Genuity Group raised their price target on shares of Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a research note on Sunday. Finally, Raymond James upped their price objective on shares of Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a research report on Monday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Aritzia presently has an average rating of “Moderate Buy” and a consensus price target of C$66.56.

Aritzia Price Performance

ATZ stock opened at C$67.86 on Monday. The company’s 50-day moving average price is C$49.86 and its two-hundred day moving average price is C$46.63. The firm has a market cap of C$6.23 billion, a P/E ratio of 99.79, a P/E/G ratio of 1.19 and a beta of 1.83. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. Aritzia has a 12 month low of C$29.55 and a 12 month high of C$67.94.

Aritzia (TSE:ATZ) last posted its quarterly earnings results 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). Aritzia had a return on equity of 9.84% and a net margin of 3.26%. The firm had revenue of C$615.66 million for the quarter, compared to analyst estimates of C$581.10 million. On average, analysts anticipate that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insider Activity

In related news, Senior Officer Karen Kwan sold 3,800 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$174,800.00. Also, Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$46.00, for a total value of C$920,000.00. Insiders sold 77,300 shares of company stock valued at $3,565,800 over the last quarter. 0.94% of the stock is 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.