Aritzia (ATZ) Given “Outperform” Rating at BMO Capital Markets

Aritzia (TSE:ATZ)‘s stock had its “outperform” rating reiterated by analysts at BMO Capital Markets in a research note issued to investors on Friday. They currently have a C$21.00 price objective on the stock. BMO Capital Markets’ target price would indicate a potential upside of 23.46% from the company’s previous close.

ATZ has been the topic of several other reports. TD Securities reaffirmed a “buy” rating and issued a C$21.00 price objective on shares of Aritzia in a research report on Monday, January 7th. Robert W. Baird set a C$20.00 price objective on Aritzia in a research report on Wednesday, January 2nd. CIBC increased their price target on Aritzia from C$22.00 to C$23.00 in a report on Wednesday. Finally, Royal Bank of Canada increased their price target on Aritzia from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday, October 5th.

Shares of Aritzia stock traded up C$0.75 during midday trading on Friday, hitting C$17.01. The company had a trading volume of 688,000 shares, compared to its average volume of 537,102. The company has a debt-to-equity ratio of 23.44, a quick ratio of 0.65 and a current ratio of 2.03. Aritzia has a 52-week low of C$11.59 and a 52-week high of C$19.79.

Aritzia (TSE:ATZ) last released its quarterly earnings data on Wednesday, January 9th. The company reported C$0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.27 by C$0.01. The business had revenue of C$242.88 million during the quarter, compared to the consensus estimate of C$235.50 million. On average, research analysts anticipate that Aritzia will post 0.930000037623263 EPS for the current year.

In other news, insider Philippa (Pippa) Morgan sold 20,000 shares of the stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of C$18.80, for a total transaction of C$376,000.00. Also, Director Jennifer Michelle Wong Neal sold 5,300 shares of the stock in a transaction on Monday, October 15th. The shares were sold at an average price of C$18.40, for a total value of C$97,520.00.

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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