Aritzia (TSE:ATZ) Price Target Raised to C$78.00 at Raymond James

Aritzia (TSE:ATZ) had its price target lifted by Raymond James from C$60.00 to C$78.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research firms have also recently commented on ATZ. Canaccord Genuity Group cut their price target on Aritzia from C$70.00 to C$64.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Royal Bank of Canada increased their price objective on shares of Aritzia from C$65.00 to C$68.00 and gave the company an “outperform” rating in a research report on Sunday, May 4th. Desjardins decreased their price target on Aritzia from C$82.00 to C$66.00 and set a “buy” rating for the company in a report on Friday, May 2nd. CIBC lifted their price target on Aritzia from C$57.00 to C$66.00 in a report on Friday, May 2nd. Finally, Stifel Nicolaus dropped their price objective on Aritzia from C$73.00 to C$66.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$66.30.

Aritzia Stock Performance

Shares of ATZ stock opened at C$68.11 on Tuesday. The company has a market capitalization of C$8.13 billion, a P/E ratio of 59.84, a P/E/G ratio of 1.19 and a beta of 1.83. The business’s 50 day moving average is C$53.59 and its two-hundred day moving average is C$56.77. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. Aritzia has a 12-month low of C$34.15 and a 12-month high of C$73.44.

Insider Activity at Aritzia

In other Aritzia news, Senior Officer Todd Jeremy Ingledew sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of C$67.92, for a total value of C$2,037,600.00. Also, Senior Officer David John Maciver sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of C$68.06, for a total value of C$340,300.00. In the last 90 days, insiders sold 60,000 shares of company stock worth $4,042,550. 0.94% of the stock is owned by corporate insiders.

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.