Aritzia Inc. (TSE:ATZ) Receives C$57.13 Average Price Target from Brokerages

Aritzia Inc. (TSE:ATZGet Rating) has received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$57.13.

A number of brokerages have recently issued reports on ATZ. CIBC dropped their price target on Aritzia from C$54.00 to C$48.00 in a research report on Friday, July 8th. Stifel Nicolaus began coverage on Aritzia in a research report on Monday. They set a “buy” rating and a C$57.00 price target for the company. BMO Capital Markets dropped their price target on Aritzia from C$61.00 to C$59.00 in a research report on Friday, July 8th. Royal Bank of Canada lifted their price target on Aritzia from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 14th. Finally, Scotiabank dropped their price target on Aritzia from C$66.00 to C$63.00 in a research report on Friday, July 8th.

Insider Buying and Selling

In other Aritzia news, Senior Officer David John Maciver sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of C$44.88, for a total value of C$897,512.00.

Aritzia Stock Down 1.8 %

ATZ stock opened at C$45.38 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 1.28 and a debt-to-equity ratio of 95.58. The firm has a market capitalization of C$4.99 billion and a PE ratio of 31.08. Aritzia has a twelve month low of C$31.67 and a twelve month high of C$60.64. The stock has a 50-day simple moving average of C$42.89 and a two-hundred day simple moving average of C$41.65.

Aritzia (TSE:ATZGet Rating) last posted its earnings results on Thursday, July 7th. The company reported C$0.35 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.07. The company had revenue of C$407.91 million for the quarter, compared to analysts’ expectations of C$374.60 million. On average, equities analysts predict that Aritzia will post 2.0199999 EPS for the current fiscal year.

Aritzia Company Profile

(Get Rating)

Aritzia Inc, together with its subsidiaries, designs and sells apparels and accessories for women in North America. It offers t-shirts and tops, bodysuits, shirts and blouses, sweaters, jumpsuits and rompers, shirt jackets, skirts, bodysuits, activeware, knitwear, sweatsuits, pants, denims, leggings, bike shorts, dresses, jackets, blazers, jackets and coats, and shoes, as well as accessories, including hats, socks, face masks, intimates, gloves and mittens, belts, scarves, scrunchies, bags, and iphone cases.

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Analyst Recommendations for Aritzia (TSE:ATZ)

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