Desjardins Upgrades Aritzia (TSE:ATZ) to Moderate Buy

Aritzia (TSE:ATZ) was upgraded by analysts at Desjardins to a “moderate buy” rating in a report released on Tuesday,Zacks.com reports.

Several other brokerages have also recently issued reports on ATZ. Stifel Nicolaus upped their price objective on shares of Aritzia from C$66.00 to C$70.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Canaccord Genuity Group boosted their price target on shares of Aritzia from C$62.00 to C$70.00 and gave the stock a “buy” rating in a research note on Sunday, January 12th. TD Securities raised 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 report on Sunday, January 12th. CIBC lifted their price objective on Aritzia from C$63.00 to C$75.00 and gave the company an “outperform” rating in a report on Sunday, January 12th. Finally, Raymond James increased their target price on Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Aritzia has a consensus rating of “Moderate Buy” and an average target price of C$69.60.

Aritzia Trading Up 1.6 %

TSE:ATZ opened at C$67.08 on Tuesday. Aritzia has a 12-month low of C$31.82 and a 12-month high of C$73.44. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. The stock’s 50 day simple moving average is C$64.04 and its 200-day simple moving average is C$52.48. The firm has a market cap of C$8.00 billion, a P/E ratio of 58.94, a PEG ratio of 1.19 and a beta of 1.83.

Insiders Place Their Bets

In other news, Senior Officer Philippa (Pippa) Morgan sold 3,023 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of C$70.10, for a total value of C$211,912.30. Also, Senior Officer Margot Johnson sold 3,500 shares of Aritzia stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of C$72.14, for a total value of C$252,490.00. Over the last ninety days, insiders have sold 56,298 shares of company stock worth $3,801,028. 0.94% of the stock is owned by corporate insiders.

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.