Aritzia (TSE:ATZ) Price Target Raised to C$94.00

Aritzia (TSE:ATZ) had its price objective increased by CIBC from C$87.00 to C$94.00 in a research note published on Wednesday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. Raymond James Financial raised their price objective on Aritzia from C$78.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Friday, July 11th. Royal Bank Of Canada lifted their price target on Aritzia from C$85.00 to C$94.00 in a research note on Sunday, July 13th. Truist Financial set a C$85.00 price target on Aritzia and gave the company a “buy” rating in a research note on Thursday, August 21st. Canaccord Genuity Group lifted their price target on Aritzia from C$84.00 to C$95.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Finally, TD Securities lifted their price target on Aritzia from C$81.00 to C$93.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Aritzia has a consensus rating of “Buy” and a consensus target price of C$89.40.

Aritzia Stock Performance

Shares of Aritzia stock opened at C$82.88 on Wednesday. The company has a market capitalization of C$9.51 billion, a PE ratio of 41.44, a PEG ratio of 1.19 and a beta of 1.76. Aritzia has a 12 month low of C$36.51 and a 12 month high of C$90.12. 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’s fifty day simple moving average is C$80.54 and its 200 day simple moving average is C$67.39.

Insider Buying and Selling

In related news, Senior Officer Todd Jeremy Ingledew sold 13,975 shares of Aritzia stock in a transaction dated Friday, July 18th. The stock was sold at an average price of C$75.00, for a total transaction of C$1,048,125.00. Also, Senior Officer Karen Kwan sold 3,000 shares of Aritzia stock in a transaction dated Friday, July 18th. The stock was sold at an average price of C$75.00, for a total value of C$225,000.00. Insiders have sold 94,200 shares of company stock worth $7,000,627 over the last 90 days. 0.94% of the stock is currently owned by 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.