Royal Bank Of Canada Boosts Aritzia (TSE:ATZ) Price Target to C$85.00

Aritzia (TSE:ATZ - Free Report) had its target price boosted by Royal Bank Of Canada from C$68.00 to C$85.00 in a research note released on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

ATZ has been the subject of several other reports. CIBC increased their price objective on Aritzia from C$57.00 to C$66.00 in a research note on Friday, May 2nd. Raymond James Financial increased their target price on shares of Aritzia from C$60.00 to C$78.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. UBS Group increased their target price on shares of Aritzia from C$61.00 to C$66.00 in a research report on Friday, May 2nd. Desjardins reduced their target price on shares of Aritzia from C$82.00 to C$66.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, BMO Capital Markets increased their price objective on shares of Aritzia from C$75.00 to C$80.00 in a report on Friday, June 13th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Aritzia has a consensus rating of "Moderate Buy" and a consensus price target of C$70.40.

Aritzia Price Performance

Shares of ATZ traded up C$0.13 during mid-day trading on Monday, hitting C$74.15. 518,468 shares of the company were exchanged, compared to its average volume of 667,368. Aritzia has a 1-year low of C$36.51 and a 1-year high of C$75.72. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. The company has a 50 day moving average of C$65.39 and a 200-day moving average of C$60.41. The stock has a market cap of C$8.85 billion, a price-to-earnings ratio of 65.15, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83.

Insider Buying and Selling

In related news, Director Jennifer Wong sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were 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 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of C$68.06, for a total transaction of C$340,300.00. Over the last ninety days, insiders sold 60,000 shares of company stock worth $4,042,550. 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.