Aritzia (TSE:ATZ - Get Free Report) had its target price lifted by equities research analysts at Raymond James from C$60.00 to C$78.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Raymond James' price objective suggests a potential upside of 13.89% from the stock's current price.
Other analysts have also issued reports about the company. Royal Bank of Canada increased their target price on Aritzia from C$65.00 to C$68.00 and gave the stock an "outperform" rating in a report on Sunday, May 4th. Canaccord Genuity Group reduced their target price on Aritzia from C$70.00 to C$64.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. TD Securities increased their target price on Aritzia from C$66.00 to C$70.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Desjardins reduced their target price on Aritzia from C$82.00 to C$66.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, UBS Group raised their price objective on Aritzia from C$61.00 to C$66.00 in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$66.30.
Check Out Our Latest Stock Analysis on ATZ
Aritzia Stock Performance
ATZ stock traded up C$0.38 during trading hours on Tuesday, hitting C$68.49. 433,728 shares of the stock were exchanged, compared to its average volume of 726,967. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. The firm has a market capitalization of C$8.17 billion, a P/E ratio of 60.18, a P/E/G ratio of 1.19 and a beta of 1.83. The company has a 50-day simple moving average of C$53.94 and a two-hundred day simple moving average of C$56.92. Aritzia has a 12 month low of C$35.56 and a 12 month high of C$73.44.
Insider Transactions at Aritzia
In other Aritzia news, Director Jennifer Wong sold 15,000 shares of Aritzia stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of C$68.25, for a total value of C$1,023,750.00. Also, Senior Officer Todd Jeremy Ingledew sold 30,000 shares of Aritzia 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 value of C$2,037,600.00. Insiders sold 60,000 shares of company stock worth $4,042,550 over the last ninety days. 0.94% of the stock is owned by insiders.
About Aritzia
(
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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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