Stifel Nicolaus Initiates Coverage on Aritzia (TSE:ATZ)

Research analysts at Stifel Nicolaus assumed coverage on shares of Aritzia (TSE:ATZGet Rating) in a research note issued to investors on Monday, BayStreet.CA reports. The firm set a “buy” rating and a C$57.00 price target on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 22.79% from the stock’s current price.

ATZ has been the subject of a number of other research reports. Royal Bank of Canada boosted their price target on shares of Aritzia from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 14th. Scotiabank cut their price objective on shares of Aritzia from C$66.00 to C$63.00 in a research note on Friday, July 8th. CIBC cut their price objective on shares of Aritzia from C$54.00 to C$48.00 in a research note on Friday, July 8th. TD Securities upped their price objective on shares of Aritzia from C$55.00 to C$57.00 and gave the company a “buy” rating in a research note on Friday, July 8th. Finally, BMO Capital Markets cut their price objective on shares of Aritzia from C$61.00 to C$59.00 in a research note on Friday, July 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$57.13.

Aritzia Price Performance

ATZ stock opened at C$46.42 on Monday. The company has a debt-to-equity ratio of 95.58, a current ratio of 1.28 and a quick ratio of 0.49. Aritzia has a one year low of C$31.67 and a one year high of C$60.64. The stock has a market cap of C$5.11 billion and a PE ratio of 31.79. The firm has a 50 day simple moving average of C$42.45 and a two-hundred day simple moving average of C$41.60.

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

Insider Buying and Selling at Aritzia

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

About Aritzia

(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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