Aritzia (ATZ) Given a C$21.00 Price Target at TD Securities

Aritzia (TSE:ATZ) has been assigned a C$21.00 price objective by equities research analysts at TD Securities in a research note issued to investors on Thursday, January 11th. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 53.62% from the stock’s previous close.

ATZ has been the topic of a number of other reports. CIBC reduced their price target on shares of Aritzia from C$22.00 to C$20.00 in a report on Tuesday, October 10th. Canaccord Genuity dropped their price objective on shares of Aritzia from C$23.00 to C$21.00 and set a “buy” rating for the company in a research note on Friday, October 6th. Six equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of C$21.33.

Shares of Aritzia (ATZ) opened at C$13.67 on Thursday. The stock has a market cap of $1,520.00 and a price-to-earnings ratio of 29.72. Aritzia has a fifty-two week low of C$10.10 and a fifty-two week high of C$16.85.

Aritzia (TSE:ATZ) last announced its quarterly earnings results on Wednesday, January 10th. The company reported C$0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.23 by C$0.01. Aritzia had a net margin of 2.87% and a return on equity of 9.08%.

In other news, insider Todd Jeremy Ingledew purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was purchased at an average cost of C$10.29 per share, with a total value of C$102,900.00. Also, Director John Edward Currie purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were purchased at an average cost of C$10.25 per share, with a total value of C$51,250.00. Insiders acquired a total of 17,400 shares of company stock valued at $181,654 over the last three months.

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Aritzia Company Profile

Aritzia Inc operates as a design house and fashion retailer of women’s apparel and accessories. It designs and sells blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, denim, outerwear, leggings, sweatshirts, bodysuits, rompers and jumpsuits, intimates, and active wear; and accessories, including hats, scarves, bags and pouches, socks and tights, belts, IPhone cases, and gloves.

Analyst Recommendations for Aritzia (TSE:ATZ)

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