Aritzia Inc. (TSE:ATZ) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Aritzia Inc. (TSE:ATZ) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$62.42.

Several research analysts have weighed in on ATZ shares. Royal Bank of Canada raised their price objective on shares of Aritzia from C$65.00 to C$73.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Canaccord Genuity Group increased their price target on shares of Aritzia from C$62.00 to C$70.00 and gave the stock a “buy” rating in a research report on Sunday, January 12th. Desjardins set a C$82.00 price objective on Aritzia and gave the company a “buy” rating in a report on Wednesday, February 26th. TD Securities reduced their target price on Aritzia from C$75.00 to C$74.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Finally, Stifel Nicolaus set a C$73.00 price target on Aritzia and gave the company a “buy” rating in a report on Thursday, March 13th.

Insiders Place Their Bets

In other news, Senior Officer Karen Kwan sold 29,966 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of C$65.96, for a total transaction of C$1,976,557.36. Also, Director Jennifer Wong sold 12,609 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of C$68.75, for a total value of C$866,868.75. Insiders have sold 56,298 shares of company stock valued at $3,801,028 over the last three months. Company insiders own 0.94% of the company’s stock.

Aritzia Stock Performance

Aritzia stock opened at C$50.22 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. The stock has a 50 day moving average of C$62.97 and a 200-day moving average of C$54.53. The stock has a market cap of C$5.99 billion, a P/E ratio of 44.13, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. Aritzia has a 52 week low of C$31.82 and a 52 week high of C$73.44.

Aritzia Company Profile

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories.