Royal Bank of Canada Raises Aritzia (TSE:ATZ) Price Target to C$56.00

Aritzia (TSE:ATZ) had its price target raised by Royal Bank of Canada from C$47.00 to C$56.00 in a research note published on Wednesday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other research analysts have also commented on ATZ. Canaccord Genuity Group boosted their price objective on shares of Aritzia from C$46.00 to C$52.00 and gave the stock a buy rating in a research note on Monday, July 29th. BMO Capital Markets upped their price target on Aritzia from C$50.00 to C$52.00 in a research report on Friday, July 12th. TD Securities raised their price objective on Aritzia from C$46.00 to C$50.00 in a research report on Friday, July 12th. UBS Group upped their price objective on shares of Aritzia from C$53.00 to C$54.00 in a report on Friday, July 12th. Finally, CIBC lifted their target price on shares of Aritzia from C$41.00 to C$47.00 and gave the stock an outperform rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of C$52.38.

Aritzia Stock Up 1.9 %

Aritzia stock opened at C$51.24 on Wednesday. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. The firm has a market cap of C$4.71 billion, a P/E ratio of 75.35, a P/E/G ratio of 1.19 and a beta of 1.82. The business has a fifty day moving average of C$46.09 and a two-hundred day moving average of C$40.26. Aritzia has a twelve month low of C$20.67 and a twelve month high of C$51.80.

Aritzia (TSE:ATZ) last issued its quarterly earnings data on Thursday, July 11th. The company reported C$0.16 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.03. The company had revenue of C$498.63 million for the quarter, compared to the consensus estimate of C$487.16 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. On average, analysts forecast that Aritzia will post 1.8012959 earnings per share for the current fiscal year.

Insider Activity at Aritzia

In other Aritzia news, Director Jennifer Wong sold 11,800 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total value of C$563,450.00. In related news, Director Jennifer Wong sold 11,800 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of C$47.75, for a total transaction of C$563,450.00. Also, Senior Officer Karen Kwan sold 10,000 shares of Aritzia stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total transaction of C$477,000.00. 0.94% of the stock is currently owned by insiders.

About Aritzia

Aritzia Inc, together with its subsidiaries, designs, develops, and sells apparels and accessories for women in the United States and Canada. The company offers activewear, blazers and suiting, bodysuits, denim, dresses, jackets and coats, jumpsuits and rompers, leggings and bike shorts, pants, shirts and blouses, shorts, skirts, sweaters, and sweatpants, sweatshirts, hoodies, and sweats, as well as t-shirts, tops, intimates, bra tops, leaotards.