Raymond James Financial Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ) had its price target lifted by equities research analysts at Raymond James Financial from C$87.00 to C$100.00 in a note issued to investors on Friday,BayStreet.CA reports. Raymond James Financial’s price objective would suggest a potential upside of 16.28% from the company’s previous close.

A number of other brokerages have also weighed in on ATZ. TD Securities increased their target price on shares of Aritzia from C$81.00 to C$93.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. CIBC raised their price objective on shares of Aritzia from C$87.00 to C$94.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Desjardins raised their price objective on shares of Aritzia from C$91.00 to C$95.00 in a research report on Friday. BMO Capital Markets raised their price objective on shares of Aritzia from C$100.00 to C$104.00 in a research report on Friday. Finally, Royal Bank Of Canada raised their price objective on shares of Aritzia from C$85.00 to C$94.00 in a research report on Sunday, July 13th. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$93.91.

Aritzia Price Performance

Shares of TSE:ATZ opened at C$86.00 on Friday. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The firm has a market capitalization of C$9.91 billion, a PE ratio of 35.83, a P/E/G ratio of 1.19 and a beta of 1.89. Aritzia has a twelve month low of C$36.51 and a twelve month high of C$91.25. The company has a 50-day moving average price of C$81.35 and a two-hundred day moving average price of C$68.50.

Insider Activity at Aritzia

In related news, Senior Officer Karen Kwan sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of C$75.00, for a total value of C$225,000.00. Also, Senior Officer Todd Jeremy Ingledew sold 13,975 shares of the firm’s stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of C$75.00, for a total transaction of C$1,048,125.00. Over the last three months, insiders sold 94,200 shares of company stock valued at $7,000,627. Company insiders own 0.94% of the company’s stock.

About Aritzia

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.