CIBC Raises Aritzia (TSE:ATZ) Price Target to C$41.00

Aritzia (TSE:ATZ) had its target price increased by CIBC from C$37.00 to C$41.00 in a research report released on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other brokerages also recently weighed in on ATZ. UBS Group raised their target price on shares of Aritzia from C$39.00 to C$50.00 in a research note on Thursday, February 8th. TD Securities lifted their price objective on shares of Aritzia from C$34.00 to C$45.00 and gave the stock a buy rating in a research note on Wednesday, February 14th. Stifel Nicolaus upped their target price on Aritzia from C$34.00 to C$42.00 in a research report on Wednesday, April 3rd. BMO Capital Markets lifted their price target on Aritzia from C$38.00 to C$41.00 and gave the stock a market perform rating in a research report on Thursday, February 15th. Finally, Raymond James raised their price objective 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Aritzia has an average rating of Moderate Buy and a consensus target price of C$41.60.

Aritzia Stock Performance

Shares of Aritzia stock opened at C$35.82 on Friday. The company 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 50-day simple moving average of C$35.50 and a two-hundred day simple moving average of C$31.08. Aritzia has a one year low of C$20.67 and a one year high of C$41.25. The company has a debt-to-equity ratio of 103.38, a quick ratio of 0.19 and a current ratio of 1.32.

Insider Activity at Aritzia

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of C$40.44, for a total transaction of C$63,409.92. 0.55% of the stock is owned by 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.