Aritzia (TSE:ATZ) Price Target Raised to C$65.00

Aritzia (TSE:ATZ) had its price target hoisted by Raymond James from C$58.00 to C$65.00 in a report issued on Monday,BayStreet.CA reports. They currently have a market perform rating on the stock.

A number of other analysts have also recently commented on ATZ. CIBC upped their price target on shares of Aritzia from C$63.00 to C$75.00 and gave the company an “outperform” rating in a research note on Sunday. Royal Bank of Canada increased their price objective on Aritzia from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Stifel Nicolaus upped their price target on Aritzia from C$66.00 to C$70.00 and gave the company a “buy” rating in a research report on Monday. TD Securities boosted their price objective on shares of Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a research note on Sunday. Finally, Canaccord Genuity Group lifted their price objective on shares of Aritzia from C$62.00 to C$70.00 and gave the stock a “buy” rating in a report on Sunday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Aritzia currently has a consensus rating of “Moderate Buy” and a consensus price target of C$66.56.

Aritzia Stock Down 0.7 %

Shares of TSE ATZ opened at C$65.87 on Monday. The business’s fifty day moving average price is C$51.06 and its 200-day moving average price is C$47.08. Aritzia has a one year low of C$31.82 and a one year high of C$67.94. The stock has a market capitalization of C$6.05 billion, a PE ratio of 96.87, a P/E/G ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19.

Insider Activity

In related news, Senior Officer Karen Kwan sold 3,800 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$46.00, for a total value of C$174,800.00. Also, Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of C$46.50, for a total value of C$930,000.00. Over the last three months, insiders have sold 77,300 shares of company stock valued at $3,565,800. Company insiders own 0.94% of the company’s stock.

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.