Aritzia (TSE:ATZ) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Aritzia (TSE:ATZ - Free Report) had its target price lifted by BMO Capital Markets from C$80.00 to C$84.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

Several other equities research analysts have also weighed in on the company. TD Securities lifted their price objective on Aritzia from C$70.00 to C$81.00 and gave the stock a "buy" rating in a report on Monday, June 9th. UBS Group lifted their price objective on Aritzia from C$61.00 to C$66.00 in a report on Friday, May 2nd. Stifel Nicolaus reduced their target price on Aritzia from C$73.00 to C$66.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Canaccord Genuity Group reduced their target price on Aritzia from C$70.00 to C$64.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Desjardins lifted their target price on Aritzia from C$66.00 to C$84.00 and gave the company a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$82.40.

Aritzia Stock Performance

Shares of Aritzia stock traded up C$1.09 during trading hours on Thursday, hitting C$75.14. 1,143,422 shares of the company's stock traded hands, compared to its average volume of 669,968. Aritzia has a 12-month low of C$36.51 and a 12-month high of C$78.88. The stock has a market capitalization of C$8.96 billion, a price-to-earnings ratio of 66.02, a PEG 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 200-day simple moving average of C$60.95. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19.

Insider Activity

In other news, Senior Officer Todd Jeremy Ingledew sold 30,000 shares of Aritzia stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$67.92, for a total transaction of C$2,037,600.00. Also, Senior Officer David John Maciver sold 5,000 shares of Aritzia stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of C$68.06, for a total value of C$340,300.00. In the last 90 days, insiders sold 60,000 shares of company stock worth $4,042,550. 0.94% of the stock is currently owned by insiders.

Aritzia Company Profile

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.