Aritzia Inc. (TSE:ATZ) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Aritzia Inc. has been given a consensus rating of "Moderate Buy" by analysts, with eight out of nine analysts recommending a buy.
• The current average 1-year target price for Aritzia's stock is C$87.30, and several firms have adjusted their price targets upward, including BMO Capital Markets raising theirs to C$100.00.
• Aritzia's stock recently saw a 2.4% decline, with shares trading at C$87.43 despite having a market cap of C$10.04 billion.

Aritzia Inc. (TSE:ATZ - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$87.30.

Several analysts have weighed in on the company. Canaccord Genuity Group raised their price target on Aritzia from C$84.00 to C$95.00 and gave the company a "buy" rating in a report on Friday, July 11th. CIBC raised their price target on Aritzia from C$79.00 to C$87.00 in a report on Friday, July 11th. BMO Capital Markets raised their price target on Aritzia from C$92.00 to C$100.00 in a report on Tuesday. Truist Financial set a C$85.00 price target on Aritzia and gave the company a "buy" rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus raised their price target on Aritzia from C$67.00 to C$82.00 in a report on Friday, July 11th.

Aritzia Stock Down 2.4%

Shares of TSE ATZ opened at C$87.43 on Wednesday. Aritzia has a 52 week low of C$36.51 and a 52 week high of C$90.12. The business has a 50-day simple moving average of C$78.92 and a two-hundred day simple moving average of C$65.72. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The company has a market cap of C$10.04 billion, a P/E ratio of 43.72, a P/E/G ratio of 1.19 and a beta of 1.76.

Insiders Place Their Bets

In related news, Senior Officer Philippa (Pippa) Morgan sold 1,937 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of C$73.42, for a total transaction of C$142,214.54. Also, Senior Officer Karen Kwan sold 3,000 shares of the firm's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of C$75.00, for a total value of C$225,000.00. In the last quarter, insiders sold 94,200 shares of company stock worth $7,000,627. 0.94% of the stock is currently owned by insiders.

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.

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