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

Aritzia (TSE:ATZ) had its price objective increased by equities researchers at CIBC from C$87.00 to C$94.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s target price would suggest a potential upside of 14.08% from the company’s previous close.

Several other research analysts have also weighed in on ATZ. Desjardins increased their price objective on Aritzia from C$66.00 to C$84.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Canaccord Genuity Group lifted their target price on shares of Aritzia from C$84.00 to C$95.00 and gave the company a “buy” rating in a report on Friday, July 11th. Royal Bank Of Canada lifted their target price on Aritzia from C$85.00 to C$94.00 in a research report on Sunday, July 13th. BMO Capital Markets increased their price target on shares of Aritzia from C$92.00 to C$100.00 in a research report on Tuesday, September 23rd. Finally, TD Securities upped their target price on shares of Aritzia from C$81.00 to C$93.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$89.40.

Aritzia Price Performance

Shares of TSE ATZ opened at C$82.40 on Wednesday. The firm has a 50-day simple moving average of C$80.38 and a 200-day simple moving average of C$67.18. The stock has a market capitalization of C$9.46 billion, a price-to-earnings ratio of 41.20, a price-to-earnings-growth ratio of 1.19 and a beta of 1.76. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. Aritzia has a 52 week low of C$36.51 and a 52 week high of C$90.12.

Insider Activity at Aritzia

In other Aritzia news, Senior Officer Karen Kwan sold 3,000 shares of the firm’s stock in a transaction dated Friday, July 18th. The shares were sold at an average price of C$75.00, for a total transaction of C$225,000.00. Also, Senior Officer Philippa (Pippa) Morgan sold 1,937 shares of Aritzia stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of C$73.42, for a total value of C$142,214.54. Insiders have sold a total of 94,200 shares of company stock valued at $7,000,627 over the last 90 days. Company 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.