Aritzia (ATZ) Price Target Raised to C$21.00

Aritzia (TSE:ATZ) had its target price increased by BMO Capital Markets from C$20.00 to C$21.00 in a report published on Friday.

A number of other brokerages have also weighed in on ATZ. Royal Bank of Canada raised their price target on shares of Aritzia from C$21.00 to C$22.00 and gave the company an outperform rating in a research note on Friday, October 5th. TD Securities raised their price target on shares of Aritzia from C$20.00 to C$21.00 and gave the company a buy rating in a research note on Friday, October 5th. Finally, CIBC raised their price target on shares of Aritzia from C$20.00 to C$22.00 in a research note on Thursday, July 12th.

Aritzia stock traded up C$0.33 during midday trading on Friday, reaching C$19.21. The company had a trading volume of 670,900 shares, compared to its average volume of 196,850. Aritzia has a 12-month low of C$10.10 and a 12-month high of C$19.50.

In related news, Director Brian James Beaumont Hill purchased 150,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were purchased at an average cost of C$16.00 per share, with a total value of C$2,400,000.00. Also, insider Philippa (Pippa) Morgan sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, October 16th. The shares were sold at an average price of C$18.80, for a total transaction of C$376,000.00. Insiders sold a total of 122,938 shares of company stock worth $2,214,313 over the last ninety days.

About Aritzia

Aritzia Inc, together with its subsidiaries, operates as a design house and fashion retailer of women's apparel and accessories. The company designs and sells blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, denim, leggings, sweatshirts, bodysuits, puffers, jumpsuits, and intimates; and accessories, including hats, scarves, bags and pouches, socks and tights, belts, iPhone cases, and gloves.

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