Aritzia (TSE:ATZ) Price Target Raised to C$94.00

Aritzia (TSE:ATZ) had its price target raised by Royal Bank Of Canada from C$85.00 to C$94.00 in a research report released on Sunday,BayStreet.CA reports.

ATZ has been the topic of a number of other research reports. UBS Group raised their price target on Aritzia from C$61.00 to C$66.00 in a research report on Friday, May 2nd. Canaccord Genuity Group increased their price objective on Aritzia from C$84.00 to C$95.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Raymond James Financial boosted their target price on Aritzia from C$78.00 to C$87.00 and gave the stock an “outperform” rating in a research report on Friday, July 11th. TD Securities upped their target price on Aritzia from C$81.00 to C$93.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, Desjardins lifted their price target on shares of Aritzia from C$66.00 to C$84.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$82.40.

Aritzia Trading Down 1.3%

Shares of Aritzia stock opened at C$72.13 on Friday. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. Aritzia has a 1 year low of C$36.51 and a 1 year high of C$78.88. The firm has a market cap of C$8.60 billion, a PE ratio of 63.38, a PEG ratio of 1.19 and a beta of 1.83. The company has a 50 day simple moving average of C$67.94 and a two-hundred day simple moving average of C$61.22.

Insiders Place Their Bets

In related news, Senior Officer Todd Jeremy Ingledew sold 30,000 shares of the firm’s stock in a transaction on 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 Aritzia stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of C$68.25, for a total transaction of C$1,023,750.00. In the last 90 days, insiders sold 60,000 shares of company stock worth $4,042,550. 0.94% of the stock is currently owned by company insiders.

About Aritzia

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.