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

Aritzia (TSE:ATZ) had its target price lifted by equities researchers at CIBC from C$37.00 to C$41.00 in a report released on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price objective would suggest a potential upside of 14.46% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. TD Securities boosted their target price on Aritzia from C$34.00 to C$45.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Canaccord Genuity Group boosted their price objective on Aritzia from C$36.00 to C$38.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. BMO Capital Markets upped their price target on shares of 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. Raymond James increased 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 note on Tuesday, March 19th. Finally, UBS Group boosted their price objective on shares of Aritzia from C$39.00 to C$50.00 in a research report on Thursday, February 8th. 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 stock. Based on data from MarketBeat.com, Aritzia presently has a consensus rating of “Moderate Buy” and a consensus price target of C$41.60.

Aritzia Trading Down 0.9 %

Shares of ATZ stock opened at C$35.82 on Friday. The company has a market capitalization of C$3.22 billion, a P/E ratio of 44.22, a P/E/G ratio of 1.19 and a beta of 1.85. Aritzia has a 12-month low of C$20.67 and a 12-month high of C$41.25. The company has a quick ratio of 0.19, a current ratio of 1.32 and a debt-to-equity ratio of 103.38. The firm has a 50-day moving average price of C$35.50 and a 200 day moving average price of C$31.03.

Insider Buying and Selling at Aritzia

In related news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of Aritzia stock in a transaction on Friday, February 9th. The stock was sold at an average price of C$40.44, for a total transaction of C$63,409.92. Corporate insiders own 0.55% of the company’s stock.

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.