Aritzia (TSE:ATZ) PT Raised to C$60.00 at TD Securities

Aritzia (TSE:ATZ) had its price target upped by equities researchers at TD Securities from C$50.00 to C$60.00 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 17.10% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. UBS Group lifted their price target on shares of Aritzia from C$53.00 to C$54.00 in a research note on Friday, July 12th. Raymond James lifted their target price on shares of Aritzia from C$43.00 to C$48.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. CIBC increased their price target on shares of Aritzia from C$41.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Royal Bank of Canada raised their price target on shares of Aritzia from C$47.00 to C$56.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, Stifel Nicolaus upped their price objective on Aritzia from C$42.00 to C$50.00 and gave the company a “buy” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$52.38.

Aritzia Stock Up 1.9 %

TSE ATZ opened at C$51.24 on Thursday. Aritzia has a twelve month low of C$20.67 and a twelve month 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 has a market cap of C$4.71 billion, a PE ratio of 75.35, a PEG ratio of 1.19 and a beta of 1.82. The firm has a 50-day simple moving average of C$46.09 and a 200 day simple moving average of C$40.26.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, July 11th. The company reported C$0.16 EPS for the quarter, topping analysts’ consensus estimates of C$0.13 by C$0.03. The company had revenue of C$498.63 million during the quarter, compared to the consensus estimate of C$487.16 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. On average, research analysts forecast that Aritzia will post 1.8012959 EPS for the current year.

Insider Buying and Selling at Aritzia

In other news, Director Jennifer Wong sold 11,800 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of C$47.75, for a total transaction of C$563,450.00. In related news, Senior Officer Karen Kwan sold 10,000 shares of Aritzia stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of C$47.70, for a total value of C$477,000.00. Also, Director Jennifer Wong sold 11,800 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total transaction of C$563,450.00. 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.