Aritzia (TSE:ATZ) PT Raised to C$57.00 at BMO Capital Markets

Aritzia (TSE:ATZ) had its price objective raised by research analysts at BMO Capital Markets from C$52.00 to C$57.00 in a research note issued on Friday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 22.27% from the stock’s current price.

Other analysts have also issued reports about the stock. Royal Bank of Canada upped 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 report on Wednesday, October 2nd. CIBC upped their target price on shares of Aritzia from C$47.00 to C$60.00 in a report on Friday. Raymond James lifted their price target on Aritzia from C$43.00 to C$48.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. UBS Group upped their price objective on Aritzia from C$53.00 to C$54.00 in a research note on Friday, July 12th. Finally, Stifel Nicolaus lifted their target price on Aritzia from C$50.00 to C$58.00 in a research note on Friday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$55.38.

Aritzia Stock Down 6.8 %

TSE:ATZ traded down C$3.40 on Friday, hitting C$46.62. 1,003,299 shares of the company’s stock were exchanged, compared to its average volume of 354,610. The firm has a 50-day moving average price of C$46.51 and a 200-day moving average price of C$40.65. Aritzia has a 52 week low of C$20.67 and a 52 week high of C$51.80. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19. The company has a market cap of C$4.28 billion, a P/E ratio of 68.46, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last issued its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.02). The company had revenue of C$615.66 million for the quarter, compared to analyst estimates 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.

Insider Activity

In related news, Senior Officer Karen Kwan sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of C$47.70, for a total value of C$477,000.00. In other news, Director Jennifer Wong sold 11,800 shares of the company’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. Also, Senior Officer Karen Kwan sold 10,000 shares of Aritzia stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total transaction of C$477,000.00. 0.94% of the stock is currently owned by company insiders.

Aritzia Company Profile

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.