Aritzia (TSE:ATZ) Given New C$87.00 Price Target at CIBC

Aritzia (TSE:ATZ - Get Free Report) had its target price boosted by CIBC from C$79.00 to C$87.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC's price target suggests a potential upside of 19.05% from the company's previous close.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada upped their price target on Aritzia from C$68.00 to C$85.00 and gave the stock an "outperform" rating in a report on Monday, July 7th. Desjardins upped their price target on Aritzia from C$66.00 to C$84.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Canaccord Genuity Group decreased their price target on Aritzia from C$70.00 to C$64.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Raymond James Financial upped their price target on Aritzia from C$60.00 to C$78.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Finally, BMO Capital Markets upped their price target on Aritzia from C$80.00 to C$84.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$82.40.

Aritzia Stock Down 2.7%

TSE ATZ traded down C$2.06 on Friday, reaching C$73.08. The company had a trading volume of 789,549 shares, compared to its average volume of 670,860. The firm has a market capitalization of C$8.72 billion, a PE ratio of 64.21, a P/E/G ratio of 1.19 and a beta of 1.83. Aritzia has a 1 year low of C$36.51 and a 1 year high of C$78.88. The firm has a 50-day moving average of C$67.28 and a 200-day moving average of C$61.01. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19.

Insider Activity

In other news, Director Jennifer Wong sold 15,000 shares of the stock in a transaction that occurred on 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 David John Maciver sold 10,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of C$64.09, for a total value of C$640,900.00. In the last three months, insiders sold 60,000 shares of company stock worth $4,042,550. 0.94% of the stock is currently owned by insiders.

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.