Aritzia Inc. (TSE:ATZ) Given Average Recommendation of “Buy” by Analysts

Aritzia Inc. (TSE:ATZ) has been assigned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. Nine research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have covered the stock in the last year is C$93.91.

Several equities analysts recently commented on the stock. Jefferies Financial Group upped their price target on shares of Aritzia from C$87.00 to C$92.00 in a report on Friday, October 10th. CIBC upped their price target on shares of Aritzia from C$87.00 to C$94.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Canaccord Genuity Group cut their price target on shares of Aritzia from C$95.00 to C$93.00 in a report on Friday, October 10th. Royal Bank Of Canada upped their price target on shares of Aritzia from C$85.00 to C$94.00 in a report on Sunday, July 13th. Finally, Truist Financial upped their target price on shares of Aritzia from C$95.00 to C$102.00 in a research note on Friday, October 10th.

Insider Transactions at Aritzia

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 1,937 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of C$73.42, for a total value of C$142,214.54. Also, Director Jennifer Wong sold 30,000 shares of the company’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of C$75.00, for a total transaction of C$2,250,000.00. Insiders sold a total of 51,937 shares of company stock worth $3,902,215 over the last 90 days. Insiders own 0.94% of the company’s stock.

Aritzia Stock Performance

Shares of TSE:ATZ opened at C$89.76 on Friday. The company has a market capitalization of C$10.35 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 1.19 and a beta of 1.89. Aritzia has a 12 month low of C$36.51 and a 12 month high of C$91.29. The firm’s 50-day moving average is C$82.84 and its 200 day moving average is C$69.78. 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 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.