Aritzia (TSE:ATZ) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Key Points

• Stifel Nicolaus has raised Aritzia's target price from C$82.00 to C$96.00, indicating a potential upside of 11.30% based on the stock's previous close and maintaining a "buy" rating.
• Multiple analysts have increased their price targets for Aritzia, with the current consensus rating being a "Moderate Buy" and an average price target of C$88.70.
• Insiders have sold a total of 94,200 shares of Aritzia stock valued at approximately $7 million over the last three months, although they retain 0.94% ownership in the company.

Aritzia (TSE:ATZ - Get Free Report) had its target price raised by equities research analysts at Stifel Nicolaus from C$82.00 to C$96.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price target indicates a potential upside of 11.30% from the stock's previous close.

Several other research firms have also weighed in on ATZ. Raymond James Financial raised their price objective on shares of Aritzia from C$78.00 to C$87.00 and gave the stock an "outperform" rating in a report on Friday, July 11th. TD Securities raised their price objective on shares of Aritzia from C$81.00 to C$93.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Canaccord Genuity Group raised their price objective on shares of Aritzia from C$84.00 to C$95.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Truist Financial set a C$85.00 price objective on shares of Aritzia and gave the stock a "buy" rating in a report on Thursday, August 21st. Finally, BMO Capital Markets raised their price objective on shares of Aritzia from C$92.00 to C$100.00 in a report on Tuesday. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$88.70.

Aritzia Price Performance

TSE:ATZ traded up C$0.51 during mid-day trading on Friday, hitting C$86.25. The company's stock had a trading volume of 208,025 shares, compared to its average volume of 615,872. Aritzia has a fifty-two week low of C$36.51 and a fifty-two week high of C$90.12. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. The company has a market capitalization of C$9.90 billion, a price-to-earnings ratio of 43.13, a P/E/G ratio of 1.19 and a beta of 1.76. The stock has a fifty day moving average of C$79.41 and a 200-day moving average of C$66.08.

Insider Buying and Selling at Aritzia

In other Aritzia news, Director Jennifer Wong sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of C$75.00, for a total value of C$2,250,000.00. Also, Senior Officer Philippa (Pippa) Morgan sold 2,231 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of C$72.18, for a total transaction of C$161,033.58. Insiders sold a total of 94,200 shares of company stock valued at $7,000,627 in the last three months. 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.

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