Aritzia (TSE:ATZ) Price Target Raised to C$84.00

Aritzia (TSE:ATZ - Get Free Report) had its price objective lifted by equities researchers at BMO Capital Markets from C$80.00 to C$84.00 in a note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets' price objective would suggest a potential upside of 15.26% from the stock's current price.

Several other equities research analysts have also issued reports on the stock. Canaccord Genuity Group lowered their price target on shares of Aritzia from C$70.00 to C$64.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Raymond James Financial raised their price target on shares of Aritzia from C$60.00 to C$78.00 and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Royal Bank Of Canada raised their price target on shares of Aritzia from C$68.00 to C$85.00 and gave the company an "outperform" rating in a report on Monday. TD Securities raised their price target on shares of Aritzia from C$70.00 to C$81.00 and gave the company a "buy" rating in a report on Monday, June 9th. Finally, Stifel Nicolaus lowered their price target on shares of Aritzia from C$73.00 to C$66.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$72.60.

Aritzia Trading Down 2.3%

Shares of TSE:ATZ traded down C$1.70 during trading on Thursday, reaching C$72.88. The stock had a trading volume of 363,364 shares, compared to its average volume of 664,650. The business has a fifty day moving average price of C$66.42 and a 200-day moving average price of C$60.60. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The stock has a market cap of C$8.69 billion, a P/E ratio of 64.04, a PEG ratio of 1.19 and a beta of 1.83. Aritzia has a fifty-two week low of C$36.51 and a fifty-two week high of C$75.72.

Insider Transactions at Aritzia

In related news, Director Jennifer Wong sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were 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 10,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of C$64.09, for a total transaction of C$640,900.00. Insiders have sold a total of 60,000 shares of company stock valued at $4,042,550 over the last ninety days. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.