Raymond James Financial Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ - Free Report) had its target price lifted by Raymond James Financial from C$78.00 to C$87.00 in a research report sent to investors on Friday,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

Several other equities research analysts have also weighed in on the company. Royal Bank Of Canada increased their target price on Aritzia from C$68.00 to C$85.00 and gave the stock an "outperform" rating in a research report on Monday, July 7th. TD Securities increased their target price 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. Stifel Nicolaus increased their target price on Aritzia from C$67.00 to C$82.00 in a research report on Friday. BMO Capital Markets increased their target price on Aritzia from C$80.00 to C$84.00 in a research report on Thursday. Finally, Desjardins raised their price target on Aritzia from C$66.00 to C$84.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$82.40.

Aritzia Stock Performance

TSE ATZ traded down C$2.06 during trading hours on Friday, hitting C$73.08. The company had a trading volume of 789,549 shares, compared to its average volume of 670,860. Aritzia has a fifty-two week low of C$36.51 and a fifty-two week high of C$78.88. 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 business has a fifty day simple moving average of C$67.28 and a 200-day simple moving average of C$61.01. The firm has a market cap of C$8.72 billion, a P/E ratio of 64.21, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83.

Insider Activity

In related 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 Todd Jeremy Ingledew sold 30,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$67.92, for a total value of C$2,037,600.00. Over the last ninety days, insiders have sold 60,000 shares of company stock valued at $4,042,550. Company 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.