Aritzia (TSE:ATZ) Upgraded to "Outperform" at BMO Capital Markets

Aritzia (TSE:ATZ - Get Free Report) was upgraded by equities research analysts at BMO Capital Markets from a "market perform" rating to an "outperform" rating in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has a C$50.00 price objective on the stock, up from their prior price objective of C$41.00. BMO Capital Markets' price target points to a potential upside of 39.59% from the company's previous close.

ATZ has been the topic of a number of other reports. TD Securities dropped their price target on shares of Aritzia from C$45.00 to C$43.00 and set a "buy" rating on the stock in a research note on Friday. Stifel Nicolaus increased their price objective on Aritzia from C$34.00 to C$42.00 in a report on Wednesday, April 3rd. Canaccord Genuity Group increased their price target on shares of Aritzia from C$38.00 to C$40.00 and gave the stock a "buy" rating in a report on Friday. CIBC upped their target price on shares of Aritzia from C$37.00 to C$41.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Raymond James boosted their price target on shares of Aritzia from C$35.00 to C$46.00 and gave the company an "outperform" rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$41.60.

Aritzia Stock Performance

Shares of ATZ stock traded down C$0.31 on Friday, hitting C$35.82. 1,478,921 shares of the stock were exchanged, compared to its average volume of 394,525. The firm's 50 day moving average is C$35.50 and its two-hundred day moving average is C$30.99. Aritzia has a one year low of C$20.67 and a one year high of C$41.25. The firm has a market capitalization of C$3.22 billion, a PE ratio of 44.22, a P/E/G ratio of 1.19 and a beta of 1.85. The company has a current ratio of 1.32, a quick ratio of 0.19 and a debt-to-equity ratio of 103.38.

Insiders Place Their Bets

In related news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of Aritzia 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. Company insiders own 0.55% of the company's stock.

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.