Aritzia (TSE:ATZ) Price Target Raised to C$87.00

Aritzia (TSE:ATZ - Get Free Report) had its price target lifted by stock analysts at Raymond James Financial from C$78.00 to C$87.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's target price indicates a potential upside of 14.67% from the stock's current price.

Other analysts have also recently issued reports about the company. BMO Capital Markets lifted their price objective on Aritzia from C$80.00 to C$84.00 in a research report on Thursday. CIBC boosted their price target on Aritzia from C$79.00 to C$87.00 in a research report on Friday. UBS Group boosted their price target on Aritzia from C$61.00 to C$66.00 in a research report on Friday, May 2nd. Desjardins boosted their price target on Aritzia from C$66.00 to C$84.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, TD Securities boosted their price target on Aritzia from C$70.00 to C$81.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Aritzia currently has a consensus rating of "Moderate Buy" and a consensus price target of C$81.50.

Aritzia Trading Up 2.5%

Shares of TSE ATZ traded up C$1.82 during trading hours on Friday, hitting C$75.87. The company's stock had a trading volume of 806,766 shares, compared to its average volume of 667,221. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. The stock has a market cap of C$9.05 billion, a price-to-earnings ratio of 66.66, a P/E/G ratio of 1.19 and a beta of 1.83. Aritzia has a 12 month low of C$36.51 and a 12 month high of C$78.88. The business has a 50-day simple moving average of C$66.91 and a 200-day simple moving average of C$60.75.

Insider Buying and Selling at Aritzia

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

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.

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