Aritzia Inc. (TSE:ATZ) Senior Officer Sells C$142,214.54 in Stock

Key Points

• Aritzia Inc. Senior Officer Philippa (Pippa) Morgan sold 1,937 shares at an average price of C$73.42, totaling approximately C$142,214.54.
• Recent analyst reports have resulted in several price target increases for Aritzia, with TD Securities raising it from C$81.00 to C$93.00 while maintaining a "buy" rating.
• Aritzia's stock reached C$74.37 in trading, with a market cap of C$8.87 billion and a current consensus rating of "Moderate Buy".

Aritzia Inc. (TSE:ATZ - Get Free Report) Senior Officer Philippa (Pippa) Morgan sold 1,937 shares of Aritzia stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of C$73.42, for a total value of C$142,214.54.

Philippa (Pippa) Morgan also recently made the following trade(s):

• On Wednesday, July 16th, Philippa (Pippa) Morgan sold 2,231 shares of Aritzia stock. The shares were sold at an average price of C$72.18, for a total value of C$161,033.58.

Aritzia Stock Down 1.0%

Shares of Aritzia stock traded down C$0.76 on Monday, hitting C$73.61. 459,685 shares of the company traded hands, compared to its average volume of 643,540. The company has a 50-day moving average price of C$70.67 and a 200 day moving average price of C$62.57. 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 Inc. has a 12-month low of C$36.51 and a 12-month high of C$78.88. The company has a market cap of C$8.78 billion, a PE ratio of 64.68, a PEG ratio of 1.19 and a beta of 1.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ATZ shares. CIBC lifted their price target on Aritzia from C$79.00 to C$87.00 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 report on Wednesday, July 9th. TD Securities boosted 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. UBS Group boosted their target price on Aritzia from C$61.00 to C$66.00 in a report on Friday, May 2nd. Finally, BMO Capital Markets upped their price target on Aritzia from C$80.00 to C$84.00 in a report on Thursday, July 10th. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$85.78.

About Aritzia

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.