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

Key Points

• Aritzia Inc. has received a consensus rating of "Moderate Buy" from nine research firms, with one analyst recommending a sell and eight recommending buy.
• The average 12-month price target for Aritzia's stock is C$85.70, with several firms recently raising their target prices significantly.
• Company insiders have sold 94,200 shares valued at approximately $7 million over the last quarter, indicating a notable level of insider activity.

Aritzia Inc. (TSE:ATZ - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research 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 covered the stock in the last year is C$85.70.

A number of equities research analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Aritzia from C$67.00 to C$82.00 in a report on Friday, July 11th. Desjardins lifted their target price on Aritzia from C$66.00 to C$84.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. BMO Capital Markets lifted their target price on Aritzia from C$80.00 to C$84.00 in a report on Thursday, July 10th. Canaccord Genuity Group lifted their target price on Aritzia from C$84.00 to C$95.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, TD Securities lifted their target price on Aritzia from C$81.00 to C$93.00 and gave the stock a "buy" rating in a report on Friday, July 11th.

Aritzia Trading Up 1.7%

Shares of ATZ traded up C$1.40 during mid-day trading on Friday, reaching C$84.79. 240,158 shares of the company were exchanged, compared to its average volume of 621,210. Aritzia has a 52 week low of C$36.51 and a 52 week high of C$85.30. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. The stock has a market capitalization of C$9.73 billion, a PE ratio of 42.40, a PEG ratio of 1.19 and a beta of 1.70. The business has a 50 day simple moving average of C$74.84 and a two-hundred day simple moving average of C$63.67.

Insiders Place Their Bets

In other news, Senior Officer Karen Kwan sold 3,000 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 transaction of C$225,000.00. 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 shares were sold at an average price of C$75.00, for a total value of C$1,048,125.00. In the last three months, insiders have sold 94,200 shares of company stock valued at $7,000,627. Company insiders own 0.94% of the company's stock.

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.