Aritzia (TSE:ATZ) Given New C$102.00 Price Target at Truist Financial

Key Points

• Truist Financial has raised its price target for Aritzia from C$95.00 to C$102.00, indicating a potential upside of 18.67% from the stock's previous close.
• Aritzia's stock has received multiple "buy" ratings from various analysts, with an average target price now at C$93.91.
• Insider trading activity shows company directors selling a total of 94,200 shares worth approximately C$7 million over the last three months.

Aritzia (TSE:ATZ - Get Free Report) had its target price hoisted by Truist Financial from C$95.00 to C$102.00 in a research note issued to investors on Friday,BayStreet.CA reports. Truist Financial's price target would indicate a potential upside of 18.67% from the stock's previous close.

A number of other equities research analysts also recently weighed in on ATZ. TD Securities raised their price target on Aritzia from C$81.00 to C$93.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Stifel Nicolaus upped their price objective on Aritzia from C$82.00 to C$96.00 and gave the company a "buy" rating in a research report on Friday, September 26th. Canaccord Genuity Group boosted their target price on shares of Aritzia from C$84.00 to C$95.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Desjardins upped their target price on shares of Aritzia from C$66.00 to C$84.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Raymond James Financial increased their price objective on shares of Aritzia from C$78.00 to C$87.00 and gave the company an "outperform" rating in a report on Friday, July 11th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$93.91.

Aritzia Stock Performance

Shares of Aritzia stock traded up C$6.41 during trading hours on Friday, reaching C$85.95. The company had a trading volume of 1,409,060 shares, compared to its average volume of 614,490. Aritzia has a one year low of C$36.51 and a one year high of C$91.25. The business has a fifty day simple moving average of C$81.10 and a 200 day simple moving average of C$68.17. 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 firm has a market cap of C$9.87 billion, a PE ratio of 42.98, a price-to-earnings-growth ratio of 1.19 and a beta of 1.89.

Insider Activity at Aritzia

In other news, Director Jennifer Wong sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of C$75.50, for a total value of C$1,510,000.00. Also, Senior Officer Karen Kwan sold 3,000 shares of the 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. Insiders sold 94,200 shares of company stock worth $7,000,627 over the last three months. Company insiders own 0.94% of the company's stock.

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.

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