Canaccord Genuity Group Increases Aritzia (TSE:ATZ) Price Target to C$40.00

Aritzia (TSE:ATZ - Free Report) had its price objective upped by Canaccord Genuity Group from C$38.00 to C$40.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also commented on ATZ. CIBC upped their price objective on shares of Aritzia from C$37.00 to C$41.00 and gave the stock an outperform rating in a report on Friday. Raymond James boosted their target price on Aritzia from C$35.00 to C$46.00 and gave the stock an outperform rating in a research note on Tuesday, March 19th. UBS Group upped their price objective on shares of Aritzia from C$39.00 to C$50.00 in a research note on Thursday, February 8th. BMO Capital Markets lifted their target price on shares of Aritzia from C$38.00 to C$41.00 and gave the company a market perform rating in a report on Thursday, February 15th. Finally, Stifel Nicolaus lifted their target price on Aritzia from C$34.00 to C$42.00 in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of C$41.60.

Aritzia Trading Down 0.9 %

Aritzia stock traded down C$0.31 during mid-day trading on Friday, hitting C$35.82. The company's stock had a trading volume of 1,478,921 shares, compared to its average volume of 394,525. The firm has a market capitalization of C$3.22 billion, a PE ratio of 44.22, a price-to-earnings-growth ratio of 1.19 and a beta of 1.85. Aritzia has a 1 year low of C$20.67 and a 1 year high of C$41.25. The stock's fifty day moving average is C$35.50 and its two-hundred day moving average is C$30.99. The company has a current ratio of 1.32, a quick ratio of 0.19 and a debt-to-equity ratio of 103.38.

Insider Buying and Selling at Aritzia

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of the business'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. 0.55% of the stock is owned by corporate insiders.

Aritzia Company Profile

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.