Aritzia Inc. (TSE:ATZ) Receives Average Rating of “Buy” from Brokerages

Shares of Aritzia Inc. (TSE:ATZ) have been assigned a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is C$55.38.

ATZ has been the subject of several recent research reports. Stifel Nicolaus boosted their price objective on Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. CIBC raised their price target on shares of Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th. BMO Capital Markets upped their price objective on shares of Aritzia from C$52.00 to C$57.00 in a research note on Friday, October 11th. TD Securities dropped their target price on shares of Aritzia from C$60.00 to C$58.00 in a report on Friday, October 11th. Finally, Royal Bank of Canada upgraded Aritzia from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 31st.

Insiders Place Their Bets

In other news, Director Jennifer Wong sold 2,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total transaction of C$92,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total transaction of C$174,800.00. Insiders sold 77,300 shares of company stock worth $3,565,800 over the last three months. Company insiders own 0.94% of the company’s stock.

Aritzia Trading Up 5.1 %

Shares of Aritzia stock opened at C$49.01 on Thursday. The stock has a market capitalization of C$4.50 billion, a P/E ratio of 72.07, a P/E/G ratio of 1.19 and a beta of 1.83. Aritzia has a 52-week low of C$22.88 and a 52-week high of C$51.80. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. The stock’s 50-day simple moving average is C$46.51 and its 200 day simple moving average is C$43.11.

Aritzia (TSE:ATZ) last announced its earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of C$615.66 million during the quarter, compared to analysts’ expectations of C$581.10 million. As a group, research analysts anticipate that Aritzia will post 1.7771148 EPS for the current year.

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.