Aritzia Inc. (TSE:ATZ) Receives C$85.78 Consensus Target Price from Brokerages

Key Points

• Aritzia Inc. (TSE:ATZ) has received a consensus rating of "Moderate Buy" from eight research firms, with an average one-year price target of C$85.78.
• Recent price target adjustments by analysts include Royal Bank of Canada's increase from C$85.00 to C$94.00 and CIBC's increase from C$79.00 to C$87.00.
• Insiders, including a Senior Officer and a Director, have sold a significant number of shares recently, totaling over C$2.5 million in transactions.

Shares of Aritzia Inc. (TSE:ATZ - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$85.78.

ATZ has been the subject of several research analyst reports. Raymond James Financial upped their price target on shares of Aritzia from C$78.00 to C$87.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. Royal Bank Of Canada upped their price objective on Aritzia from C$85.00 to C$94.00 in a report on Sunday, July 13th. Desjardins increased their target price on Aritzia from C$66.00 to C$84.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Canaccord Genuity Group boosted their price target on Aritzia from C$84.00 to C$95.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Stifel Nicolaus upped their price target on Aritzia from C$67.00 to C$82.00 in a research note on Friday, July 11th.

Aritzia Trading Down 1.3%

Shares of TSE ATZ traded down C$0.97 on Tuesday, reaching C$71.83. 107,257 shares of the company traded hands, compared to its average volume of 635,532. The stock has a market capitalization of C$8.57 billion, a PE ratio of 63.11, a P/E/G ratio of 1.19 and a beta of 1.83. Aritzia has a fifty-two week low of C$36.51 and a fifty-two week high of C$78.88. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. The company has a 50 day moving average of C$71.17 and a 200 day moving average of C$62.78.

Insider Buying and Selling

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 Todd Jeremy Ingledew sold 13,975 shares of the business's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of C$75.00, for a total value of C$1,048,125.00. Insiders sold 154,200 shares of company stock worth $11,043,177 over the last three months. 0.94% of the stock is currently owned by corporate 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.