Stifel Nicolaus Increases Aritzia (TSE:ATZ) Price Target to C$42.00

Aritzia (TSE:ATZ - Free Report) had its price objective lifted by Stifel Nicolaus from C$34.00 to C$42.00 in a report published on Wednesday morning, BayStreet.CA reports.

ATZ has been the subject of a number of other research reports. CIBC raised Aritzia from a neutral rating to an outperform rating and increased their price objective for the company from C$30.00 to C$37.00 in a research note on Thursday, January 11th. TD Securities increased their price objective on Aritzia from C$34.00 to C$45.00 and gave the company a buy rating in a research note on Wednesday, February 14th. UBS Group increased their price objective on Aritzia from C$39.00 to C$50.00 in a research note on Thursday, February 8th. Royal Bank of Canada dropped their price objective on Aritzia from C$41.00 to C$40.00 and set a sector perform rating for the company in a research note on Wednesday, December 20th. Finally, Raymond James increased their price objective on Aritzia from C$35.00 to C$46.00 and gave the company an outperform rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of C$40.60.

Aritzia Price Performance

TSE ATZ traded down C$0.23 on Wednesday, reaching C$36.06. 216,871 shares of the company's stock traded hands, compared to its average volume of 425,707. Aritzia has a 12 month low of C$20.67 and a 12 month high of C$44.88. The company has a debt-to-equity ratio of 103.38, a current ratio of 1.32 and a quick ratio of 0.19. The stock has a 50-day simple moving average of C$36.47 and a 200 day simple moving average of C$29.26. The stock has a market cap of C$3.25 billion, a PE ratio of 44.52, a P/E/G ratio of 1.19 and a beta of 1.85.

Aritzia (TSE:ATZ - Get Free Report) last issued its quarterly earnings results on Wednesday, January 10th. The company reported C$0.38 EPS for the quarter, beating analysts' consensus estimates of C$0.34 by C$0.04. Aritzia had a net margin of 4.02% and a return on equity of 13.01%. The business had revenue of C$653.52 million for the quarter, compared to analysts' expectations of C$621.27 million. As a group, research analysts predict that Aritzia will post 1.8288509 earnings per share for the current year.

Insider Buying and Selling

In other Aritzia news, Senior Officer Karen Kwan sold 5,000 shares of the firm's stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of C$34.00, for a total transaction of C$170,000.00. In other Aritzia news, Senior Officer Karen Kwan sold 5,000 shares of the firm's stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of C$34.00, for a total transaction of C$170,000.00. Also, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of the firm's stock in a transaction on Friday, February 9th. The shares were sold at an average price of C$40.44, for a total value of C$63,409.92. Insiders sold 11,568 shares of company stock valued at $407,260 over the last quarter. 0.55% of the stock is owned by company insiders.

About Aritzia

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.