Stifel Nicolaus Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its price objective increased by analysts at Stifel Nicolaus from C$58.00 to C$66.00 in a research report issued on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price target suggests a potential upside of 15.61% from the company’s previous close.

ATZ has been the topic of several other reports. Canaccord Genuity Group boosted their price target on shares of Aritzia from C$56.00 to C$62.00 in a report on Monday. BMO Capital Markets upped their price target on shares of Aritzia from C$57.00 to C$60.00 in a research note on Thursday, December 19th. CIBC increased their price objective on Aritzia from C$60.00 to C$63.00 in a report on Monday. TD Securities boosted their price target on shares of Aritzia from C$58.00 to C$68.00 in a research report on Monday. Finally, Royal Bank of Canada upgraded Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$60.89.

Aritzia Stock Down 1.9 %

Shares of TSE ATZ traded down C$1.08 during trading on Tuesday, hitting C$57.09. 344,380 shares of the company traded hands, compared to its average volume of 616,685. The firm has a market capitalization of C$5.24 billion, a price-to-earnings ratio of 83.96, a P/E/G ratio of 1.19 and a beta of 1.83. The business’s fifty day moving average is C$48.53 and its 200 day moving average is C$46.05. 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 fifty-two week low of C$24.96 and a fifty-two week high of C$59.18.

Aritzia (TSE:ATZ) last posted its quarterly earnings results 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). 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. Equities research analysts predict that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Karen Kwan sold 3,800 shares of Aritzia stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$46.00, for a total transaction of C$174,800.00. Also, Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$46.00, for a total transaction of C$920,000.00. Over the last 90 days, insiders sold 77,300 shares of company stock worth $3,565,800. 0.94% of the stock is owned by corporate 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.