Canaccord Genuity Group Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZFree Report) had its price objective upped by Canaccord Genuity Group from C$56.00 to C$62.00 in a research note released on Monday,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets boosted their price objective on Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. CIBC upped their price objective on Aritzia from C$60.00 to C$63.00 in a report on Monday. TD Securities increased their price objective on Aritzia from C$58.00 to C$68.00 in a research report on Monday. Stifel Nicolaus boosted their target price on shares of Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. Finally, 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. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$60.89.

Get Our Latest Research Report on Aritzia

Aritzia Trading Up 0.2 %

ATZ stock opened at C$57.04 on Monday. The stock has a market cap of C$5.24 billion, a price-to-earnings ratio of 83.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The company has a fifty day moving average price of C$48.81 and a two-hundred day moving average price of C$46.13. Aritzia has a one year low of C$25.32 and a one year high of C$59.18. 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:ATZGet Free Report) last announced its 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 the consensus estimate of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. Equities analysts anticipate that Aritzia will post 1.7771148 EPS for the current year.

Insiders Place Their Bets

In other news, Director Jennifer Wong sold 2,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total transaction of C$92,000.00. Also, Senior Officer Karen Kwan sold 6,500 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of C$46.00, for a total value of C$299,000.00. Insiders have sold 77,300 shares of company stock worth $3,565,800 over the last ninety days. Corporate insiders own 0.94% of the company’s stock.

About Aritzia

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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.

Further Reading

Analyst Recommendations for Aritzia (TSE:ATZ)

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