Aritzia (TSE:ATZ) Price Target Raised to C$81.00

Aritzia (TSE:ATZ) had its price target upped by research analysts at TD Securities from C$70.00 to C$81.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 16.05% from the company’s previous close.

A number of other equities research analysts have also recently commented on ATZ. UBS Group increased their target price on shares of Aritzia from C$61.00 to C$66.00 in a research report on Friday, May 2nd. Desjardins decreased their target price on shares of Aritzia from C$82.00 to C$66.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Raymond James increased their target price on shares of Aritzia from C$60.00 to C$78.00 and gave the company an “outperform” rating in a research report on Tuesday, June 3rd. Canaccord Genuity Group decreased their target price on shares of Aritzia from C$70.00 to C$64.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Finally, BMO Capital Markets decreased their target price on shares of Aritzia from C$74.00 to C$67.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$67.40.

Aritzia Trading Up 2.8%

TSE:ATZ opened at C$69.80 on Monday. Aritzia has a 52 week low of C$35.72 and a 52 week high of C$73.44. The firm has a 50 day moving average of C$55.54 and a 200 day moving average of C$57.57. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The stock has a market capitalization of C$8.33 billion, a price-to-earnings ratio of 61.33, a PEG ratio of 1.19 and a beta of 1.83.

Insiders Place Their Bets

In other news, Senior Officer Todd Jeremy Ingledew sold 30,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$67.92, for a total value of C$2,037,600.00. Also, Director Jennifer Wong sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of C$68.25, for a total transaction of C$1,023,750.00. Over the last quarter, insiders sold 60,000 shares of company stock valued at $4,042,550. Insiders own 0.94% of the company’s stock.

Aritzia Company Profile

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories.