Aritzia (TSE:ATZ) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Key Points

• Raymond James Financial has raised its price target for Aritzia stock from C$87.00 to C$100.00, indicating a potential upside of 16.35% from its previous close.
• Multiple analysts have upgraded their targets for Aritzia, with a consensus rating of "Buy" and a target price of C$93.91.
• Aritzia's stock recently traded at C$85.95, with a significant market capitalization of C$9.87 billion.

Aritzia (TSE:ATZ - Get Free Report) had its price objective upped by investment analysts at Raymond James Financial from C$87.00 to C$100.00 in a research note issued on Friday,BayStreet.CA reports. Raymond James Financial's price target points to a potential upside of 16.35% from the company's previous close.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus upped their target price on shares of Aritzia from C$96.00 to C$100.00 in a research report on Friday. TD Securities boosted their price target on shares of Aritzia from C$81.00 to C$93.00 and gave the company a "buy" rating in a report on Friday, July 11th. Truist Financial boosted their price target on shares of Aritzia from C$95.00 to C$102.00 in a report on Friday. Desjardins boosted their price target on shares of Aritzia from C$91.00 to C$95.00 in a report on Friday. Finally, Canaccord Genuity Group boosted their price target on shares of Aritzia from C$84.00 to C$95.00 and gave the company a "buy" rating in a report on Friday, July 11th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$93.91.

Aritzia Price Performance

ATZ traded up C$6.41 during midday trading on Friday, reaching C$85.95. 1,409,060 shares of the company's stock were exchanged, compared to its average volume of 614,490. The firm has a market capitalization of C$9.87 billion, a price-to-earnings ratio of 42.98, a price-to-earnings-growth ratio of 1.19 and a beta of 1.89. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. Aritzia has a one year low of C$36.51 and a one year high of C$91.25. The business has a 50-day simple moving average of C$81.10 and a two-hundred day simple moving average of C$68.17.

Insider Activity

In other news, Senior Officer Todd Jeremy Ingledew sold 13,975 shares of the firm's stock in a transaction on Friday, July 18th. The shares were sold at an average price of C$75.00, for a total transaction of C$1,048,125.00. Also, Director Jennifer Wong sold 20,000 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of C$75.50, for a total transaction of C$1,510,000.00. Over the last quarter, insiders have sold 94,200 shares of company stock worth $7,000,627. 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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