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

Key Points

• Stifel Nicolaus raised their target price for Aritzia from C$96.00 to C$100.00, indicating a potential upside of 16.35% from its current price.
• Aritzia's stock experienced an increase of 8.1%, trading at C$85.95, with a market cap of C$9.87 billion.
• Several analysts, including Truist Financial and CIBC, have also raised their price targets and given Aritzia an overall average rating of "Buy".

Aritzia (TSE:ATZ - Get Free Report) had its target price upped by Stifel Nicolaus from C$96.00 to C$100.00 in a research note issued to investors on Friday,BayStreet.CA reports. Stifel Nicolaus' price target suggests a potential upside of 16.35% from the stock's current price.

ATZ has been the subject of several other research reports. Truist Financial increased their price target on Aritzia from C$95.00 to C$102.00 in a research note on Friday. CIBC upped their target price on Aritzia from C$87.00 to C$94.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 1st. Raymond James Financial increased their target price on Aritzia from C$78.00 to C$87.00 and gave the company an "outperform" rating in a research note on Friday, July 11th. Canaccord Genuity Group raised their price objective on Aritzia from C$84.00 to C$95.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, BMO Capital Markets raised their target price on Aritzia from C$100.00 to C$104.00 in a research report on Friday. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat, Aritzia has an average rating of "Buy" and an average target price of C$93.91.

Aritzia Trading Up 8.1%

Shares of TSE:ATZ traded up C$6.41 during trading on Friday, reaching C$85.95. 1,409,060 shares of the stock were exchanged, compared to its average volume of 614,490. The firm's 50-day moving average price is C$81.10 and its 200 day moving average price is C$68.17. The firm has a market cap 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 debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. Aritzia has a 12-month low of C$36.51 and a 12-month high of C$91.25.

Insider Transactions at Aritzia

In other news, Senior Officer Karen Kwan sold 3,000 shares of the business's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of C$75.00, for a total value of C$225,000.00. Also, Senior Officer Todd Jeremy Ingledew sold 13,975 shares of the business's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of C$75.00, for a total value of C$1,048,125.00. In the last ninety days, insiders have sold 94,200 shares of company stock valued at $7,000,627. 0.94% of the stock is currently owned by company 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.

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