Aritzia (TSE:ATZ) Price Target Raised to C$95.00 at Canaccord Genuity Group

Aritzia (TSE:ATZ - Get Free Report) had its target price raised by equities researchers at Canaccord Genuity Group from C$84.00 to C$95.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price target indicates a potential upside of 29.99% from the stock's current price.

A number of other research firms have also weighed in on ATZ. Desjardins increased their price target on Aritzia from C$66.00 to C$84.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. CIBC increased their price objective on Aritzia from C$79.00 to C$87.00 in a research note on Friday. BMO Capital Markets increased their price objective on Aritzia from C$80.00 to C$84.00 in a research note on Thursday. Stifel Nicolaus increased their price objective on Aritzia from C$67.00 to C$82.00 in a research note on Friday. Finally, TD Securities increased their price objective on Aritzia from C$70.00 to C$81.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$82.40.

Aritzia Trading Down 2.7%

Shares of TSE:ATZ traded down C$2.06 during midday trading on Friday, reaching C$73.08. The company had a trading volume of 789,549 shares, compared to its average volume of 670,860. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. Aritzia has a 1-year low of C$36.51 and a 1-year high of C$78.88. The firm has a market cap of C$8.72 billion, a price-to-earnings ratio of 64.21, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The company has a fifty day simple moving average of C$67.28 and a two-hundred day simple moving average of C$61.01.

Insider Transactions at Aritzia

In other news, Director Jennifer Wong sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of C$68.25, for a total transaction of C$1,023,750.00. Also, Senior Officer David John Maciver sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of C$68.06, for a total value of C$340,300.00. Insiders sold 60,000 shares of company stock valued at $4,042,550 in the last three months. Corporate 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.