Aritzia Inc. (TSE:ATZ) Receives C$68.70 Average Price Target from Brokerages

Shares of Aritzia Inc. (TSE:ATZ) have earned an average recommendation of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$68.70.

A number of analysts have recently issued reports on ATZ shares. Stifel Nicolaus dropped their price target on Aritzia from C$73.00 to C$66.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Canaccord Genuity Group decreased their price target on shares of Aritzia from C$70.00 to C$64.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. CIBC upped their target price on shares of Aritzia from C$57.00 to C$66.00 in a research report on Friday, May 2nd. TD Securities increased their target price on Aritzia from C$70.00 to C$81.00 and gave the company a “buy” rating in a research note on Monday, June 9th. Finally, Raymond James Financial raised their price target on Aritzia from C$60.00 to C$78.00 and gave the company an “outperform” rating in a research report on Tuesday, June 3rd.

Insiders Place Their Bets

In related news, Senior Officer Todd Jeremy Ingledew sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$67.92, for a total transaction of C$2,037,600.00. Also, Senior Officer David John Maciver sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of C$68.06, for a total transaction of C$340,300.00. Insiders sold 60,000 shares of company stock worth $4,042,550 over the last three months. Company insiders own 0.94% of the company’s stock.

Aritzia Stock Performance

TSE:ATZ opened at C$66.17 on Monday. The business’s fifty day moving average is C$58.52 and its 200 day moving average is C$58.48. The firm has a market cap of C$7.89 billion, a price-to-earnings ratio of 58.14, a PEG ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. Aritzia has a 52-week low of C$36.51 and a 52-week high of C$73.44.

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.