Aritzia (TSE:ATZ) PT Raised to C$68.00 at TD Securities

Aritzia (TSE:ATZ) had its target price increased by investment analysts at TD Securities from C$57.00 to C$68.00 in a report released on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 13.81% from the company’s previous close.

Several other research analysts have also weighed in on ATZ. boosted their price target on Aritzia from C$43.00 to C$50.00 and gave the stock a “buy” rating in a research report on Thursday, October 14th. CIBC boosted their price target on Aritzia from C$52.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Thursday. Canaccord Genuity Group boosted their target price on Aritzia from C$57.00 to C$70.00 in a report on Thursday. Scotiabank boosted their target price on Aritzia from C$44.00 to C$49.00 in a report on Thursday, October 14th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Aritzia in a report on Friday, October 15th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$60.86.

TSE ATZ opened at C$59.75 on Thursday. The stock has a market capitalization of C$6.62 billion and a price-to-earnings ratio of 66.46. The stock’s 50 day moving average price is C$51.30 and its two-hundred day moving average price is C$44.45. The company has a debt-to-equity ratio of 123.32, a quick ratio of 0.50 and a current ratio of 1.20. Aritzia has a 52 week low of C$25.40 and a 52 week high of C$60.64.

Aritzia (TSE:ATZ) last posted its quarterly earnings results on Wednesday, October 13th. The company reported C$0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.22 by C$0.10. The company had revenue of C$350.07 million for the quarter, compared to analyst estimates of C$302.20 million. On average, equities research analysts forecast that Aritzia will post 1.4199999 EPS for the current year.

In related news, Senior Officer Philippa (Pippa) Morgan sold 10,000 shares of the company’s stock in a transaction on Monday, October 18th. The stock was sold at an average price of C$49.95, for a total transaction of C$499,460.00. Also, Director Jennifer Wong sold 11,908 shares of the company’s stock in a transaction on Wednesday, November 10th. The stock was sold at an average price of C$51.25, for a total value of C$610,285.00. Following the sale, the director now owns 15,032 shares of the company’s stock, valued at C$770,390. Over the last quarter, insiders have sold 66,008 shares of company stock valued at $3,299,145.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs and sells apparels and accessories for women in North America. It offers sweatshirts, leggings, blouses, pants, dresses, T-shirts, bodysuits, shorts, skirts, jackets and coats, sweaters, and denims; and accessories, including bralettes and sports bras, hats, bags and pouches, shoes and sneakers, socks and tights, belts, scarves, iPhone cases, and gloves and mittens.

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Analyst Recommendations for Aritzia (TSE:ATZ)

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