Aritzia Inc. (TSE:ATZ) Given Average Recommendation of "Moderate Buy" by 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 covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$85.78.

A number of research analysts have recently weighed in on ATZ shares. Royal Bank Of Canada increased their price target on Aritzia from C$85.00 to C$94.00 in a research note on Sunday, July 13th. CIBC upped their price objective on Aritzia from C$79.00 to C$87.00 in a report on Friday, July 11th. Raymond James Financial raised their target price on Aritzia from C$78.00 to C$87.00 and gave the stock an "outperform" rating in a report on Friday, July 11th. Desjardins boosted 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. Finally, Stifel Nicolaus increased their price target on shares of Aritzia from C$67.00 to C$82.00 in a research report on Friday, July 11th.

Insiders Place Their Bets

In other news, Senior Officer Todd Jeremy Ingledew sold 13,975 shares of Aritzia stock in a transaction dated Friday, July 18th. The stock was sold at an average price of C$75.00, for a total transaction of C$1,048,125.00. Also, Director Jennifer Wong sold 20,000 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of C$75.50, for a total value of C$1,510,000.00. In the last three months, insiders sold 154,200 shares of company stock worth $11,043,177. 0.94% of the stock is owned by company insiders.

Aritzia Trading Down 1.0%

Shares of TSE ATZ opened at C$73.61 on Tuesday. Aritzia has a fifty-two week low of C$36.51 and a fifty-two week high of C$78.88. The firm has a market capitalization of C$8.78 billion, a P/E ratio of 64.68, a P/E/G ratio of 1.19 and a beta of 1.83. 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's 50 day simple moving average is C$70.80 and its 200 day simple moving average is C$62.61.

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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