Brokerages Set Aritzia Inc. (TSE:ATZ) PT at C$68.70

Aritzia Inc. (TSE:ATZ) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$68.70.

ATZ has been the subject of several recent analyst reports. Desjardins dropped their target price on shares of Aritzia from C$82.00 to C$66.00 and set a “buy” rating for the company in a report on Friday, May 2nd. TD Securities upped their price objective on Aritzia from C$70.00 to C$81.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. Royal Bank Of Canada increased their target price on Aritzia from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Sunday, May 4th. Canaccord Genuity Group decreased their target price on Aritzia from C$70.00 to C$64.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Finally, Raymond James Financial upped their price target on Aritzia from C$60.00 to C$78.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 3rd.

Insider Activity

In other news, Senior Officer Todd Jeremy Ingledew sold 30,000 shares of Aritzia stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of C$67.92, for a total value of C$2,037,600.00. Also, Director Jennifer Wong sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of C$68.25, for a total value of C$1,023,750.00. In the last ninety days, insiders sold 60,000 shares of company stock worth $4,042,550. 0.94% of the stock is currently owned by insiders.

Aritzia Price Performance

Shares of TSE:ATZ opened at C$66.17 on Monday. The firm’s 50 day simple moving average is C$58.52 and its two-hundred day simple moving average is C$58.48. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The company has a market capitalization of C$7.89 billion, a P/E ratio of 58.14, a P/E/G ratio of 1.19 and a beta of 1.83. Aritzia has a 1-year low of C$36.51 and a 1-year high of C$73.44.

Aritzia Company Profile

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories.