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

Shares of Aritzia Inc. (TSE:ATZ) have been given an average recommendation of “Buy” by the seven brokerages 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 issued ratings on the stock in the last year is C$55.75.

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on Aritzia from C$57.00 to C$60.00 in a research note on Thursday, December 19th. CIBC boosted their price objective on Aritzia from C$47.00 to C$60.00 in a research report on Friday, October 11th. Stifel Nicolaus lifted their target price on shares of Aritzia from C$50.00 to C$58.00 in a research note on Friday, October 11th. Royal Bank of Canada raised shares of Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. Finally, TD Securities decreased their price objective on shares of Aritzia from C$60.00 to C$58.00 in a research report on Friday, October 11th.

Insider Buying and Selling at Aritzia

In other news, Director Jennifer Wong sold 20,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$46.00, for a total transaction of C$920,000.00. 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. In the last three months, insiders have sold 77,300 shares of company stock valued at $3,565,800. 0.94% of the stock is currently owned by corporate insiders.

Aritzia Stock Up 1.2 %

Shares of TSE ATZ opened at C$53.72 on Monday. The stock has a market capitalization of C$4.93 billion, a P/E ratio of 79.00, a PEG ratio of 1.19 and a beta of 1.83. Aritzia has a one year low of C$24.76 and a one year high of C$55.00. The firm’s 50 day simple moving average is C$47.26 and its two-hundred day simple moving average is C$45.30. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The business had revenue of C$615.66 million during the quarter, compared to analysts’ expectations of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. As a group, analysts expect that Aritzia will post 1.7771148 EPS for the current fiscal 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.