Aritzia (TSE:ATZ) Stock Price Expected to Rise, TD Securities Analyst Says

Aritzia (TSE:ATZ) had its price objective upped by TD Securities from C$68.00 to C$75.00 in a report published on Sunday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on the company. Stifel Nicolaus boosted their price target on Aritzia from C$58.00 to C$66.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. CIBC lifted their price objective on Aritzia from C$60.00 to C$63.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. BMO Capital Markets upped their target price on Aritzia from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Canaccord Genuity Group lifted their price target on Aritzia from C$56.00 to C$62.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Raymond James downgraded shares of Aritzia from an “outperform” rating to a “market perform” rating and boosted their target price for the company from C$52.50 to C$58.00 in a report on Tuesday, January 7th. 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 MarketBeat, Aritzia has an average rating of “Moderate Buy” and a consensus price target of C$66.56.

Aritzia Price Performance

ATZ stock opened at C$66.36 on Friday. The company has a market cap of C$6.09 billion, a price-to-earnings ratio of 97.59, a PEG ratio of 1.19 and a beta of 1.83. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. The firm has a 50 day moving average of C$50.66 and a 200-day moving average of C$46.95. Aritzia has a 12-month low of C$31.82 and a 12-month high of C$67.94.

Insider Transactions at Aritzia

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 shares were 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 company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$46.00, for a total transaction of C$920,000.00. In the last quarter, insiders sold 77,300 shares of company stock worth $3,565,800. 0.94% of the stock is currently owned by company insiders.

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.