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

Aritzia (TSE:ATZ) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has a C$50.00 target price on the stock, up from their previous target price of C$41.00. BMO Capital Markets’ target price suggests a potential upside of 39.59% from the stock’s previous close.

Several other research firms have also issued reports on ATZ. TD Securities dropped their target price on Aritzia from C$45.00 to C$43.00 and set a “buy” rating on the stock in a report on Friday. Raymond James upped 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. Canaccord Genuity Group raised their target price on shares of Aritzia from C$38.00 to C$40.00 and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus upped their price target on shares of Aritzia from C$34.00 to C$42.00 in a research report on Wednesday, April 3rd. Finally, UBS Group increased their price target on shares of Aritzia from C$39.00 to C$50.00 in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$41.60.

Aritzia Trading Down 0.9 %

Shares of TSE:ATZ opened at C$35.82 on Friday. The company’s 50-day moving average price is C$35.50 and its two-hundred day moving average price is C$31.03. 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 current ratio of 1.32 and a quick ratio of 0.19. The stock 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.

Insiders Place Their Bets

In other news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$40.44, for a total transaction 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.