TD Securities Boosts Aritzia (TSE:ATZ) Price Target to C$53.00

Aritzia (TSE:ATZ) had its price objective hoisted by equities researchers at TD Securities to C$53.00 in a research report issued on Thursday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 12.55% from the stock’s current price.

A number of other equities research analysts also recently issued reports on ATZ. Scotiabank set a C$41.00 price target on Aritzia and gave the stock an “outperform” rating in a research report on Wednesday, June 16th. BMO Capital Markets increased their price target on Aritzia to C$49.00 and gave the stock a “na” rating in a research report on Thursday. CIBC increased their price target on Aritzia from C$43.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Thursday. Canaccord Genuity increased their price target on Aritzia to C$50.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada downgraded Aritzia from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$40.00 to C$43.00 in a research report on Wednesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Aritzia has a consensus rating of “Buy” and an average target price of C$48.00.

Shares of Aritzia stock traded up C$6.55 on Thursday, hitting C$47.09. The stock had a trading volume of 972,721 shares, compared to its average volume of 300,846. Aritzia has a twelve month low of C$18.99 and a twelve month high of C$47.98. The business’s 50 day moving average is C$40.74 and its two-hundred day moving average is C$35.63. The company has a quick ratio of 0.57, a current ratio of 1.18 and a debt-to-equity ratio of 150.59. The stock has a market cap of C$5.18 billion and a price-to-earnings ratio of 84.24.

Aritzia (TSE:ATZ) last posted its earnings results on Tuesday, July 13th. The company reported C$0.17 EPS for the quarter, meeting the consensus estimate of C$0.17. The firm had revenue of C$246.92 million during the quarter, compared to analyst estimates of C$234.20 million. As a group, equities analysts predict that Aritzia will post 1.34 earnings per share for the current fiscal year.

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 20,000 shares of the firm’s stock in a transaction on Tuesday, July 20th. The stock was sold at an average price of C$35.05, for a total value of C$700,948.00.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs and sells apparels and accessories for women in North America. It offers sweatshirts, leggings, blouses, pants, dresses, T-shirts, bodysuits, shorts, skirts, jackets and coats, sweaters, and denims; and accessories, including bralettes and sports bras, hats, bags and pouches, shoes and sneakers, socks and tights, belts, scarves, iPhone cases, and gloves and mittens.

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