Jefferies Financial Group Increases Aritzia (TSE:ATZ) Price Target to C$92.00

Key Points

• Jefferies Financial Group has raised its price target for Aritzia from C$87.00 to C$92.00, indicating a potential upside of 7.04% from the current stock price.
• Several other analysts, including TD Securities and CIBC, have also increased their price targets for Aritzia, with the consensus target price now at C$93.91 and a majority rating of "Buy."
• Aritzia's stock has shown strong trading activity, with shares rising C$6.41 to reach C$85.95, alongside insider sales totaling approximately C$7 million over the past ninety days.

Aritzia (TSE:ATZ - Get Free Report) had its target price boosted by research analysts at Jefferies Financial Group from C$87.00 to C$92.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Jefferies Financial Group's target price would suggest a potential upside of 7.04% from the stock's current price.

ATZ has been the topic of several other research reports. TD Securities increased their target price on Aritzia from C$81.00 to C$93.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Desjardins increased their price objective on Aritzia from C$66.00 to C$84.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Royal Bank Of Canada raised their price objective on Aritzia from C$85.00 to C$94.00 in a research report on Sunday, July 13th. CIBC lifted their price objective on Aritzia from C$87.00 to C$94.00 and gave the company an "outperform" rating in a report on Wednesday, October 1st. Finally, Raymond James Financial lifted their price objective on Aritzia from C$78.00 to C$87.00 and gave the company an "outperform" rating in a report on Friday, July 11th. Nine analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of C$93.91.

Aritzia Price Performance

Shares of ATZ stock traded up C$6.41 during trading hours on Friday, hitting C$85.95. 1,409,060 shares of the company's stock were exchanged, compared to its average volume of 614,490. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. Aritzia has a 52 week low of C$36.51 and a 52 week high of C$91.25. The stock 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 stock's 50-day moving average is C$81.10 and its 200-day moving average is C$68.17.

Insider Transactions at Aritzia

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of C$75.50, for a total value of C$1,510,000.00. Also, Senior Officer Karen Kwan sold 3,000 shares of the firm's stock in a transaction on Friday, July 18th. The stock was sold at an average price of C$75.00, for a total value of C$225,000.00. Over the last ninety days, insiders sold 94,200 shares of company stock valued at $7,000,627. Corporate 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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