Brokerages Set Aritzia Inc. (TSE:ATZ) Price Target at C$72.60

Aritzia Inc. (TSE:ATZ - Get Free Report) has been given a consensus rating of "Moderate Buy" by the nine ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$81.50.

Several research analysts have commented on ATZ shares. Royal Bank Of Canada lifted their target price on Aritzia from C$68.00 to C$85.00 and gave the stock an "outperform" rating in a report on Monday, July 7th. BMO Capital Markets boosted their price objective on Aritzia from C$80.00 to C$84.00 in a research note on Thursday. Stifel Nicolaus boosted their price objective on Aritzia from C$67.00 to C$82.00 in a research note on Friday. Canaccord Genuity Group boosted their price objective on Aritzia from C$84.00 to C$95.00 and gave the company a "buy" rating in a research note on Friday. Finally, TD Securities boosted their price objective on Aritzia from C$81.00 to C$93.00 and gave the company a "buy" rating in a research note on Friday.

Insider Buying and Selling

In related news, Senior Officer Todd Jeremy Ingledew sold 30,000 shares of the company's 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 transaction of C$2,037,600.00. Also, Senior Officer David John Maciver sold 10,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of C$64.09, for a total value of C$640,900.00. In the last three months, insiders have sold 60,000 shares of company stock valued at $4,042,550. 0.94% of the stock is owned by company insiders.

Aritzia Trading Up 1.5%

ATZ traded up C$1.09 during midday trading on Friday, hitting C$75.14. 1,143,422 shares of the company were exchanged, compared to its average volume of 669,968. The firm has a market capitalization of C$8.96 billion, a P/E ratio of 66.02, 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$78.88. The firm's 50 day moving average price is C$67.28 and its 200-day moving average price is C$60.95. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51.

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.