Aritzia Inc. (TSE:ATZ) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Aritzia Inc. (TSE:ATZ) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$62.52.

ATZ has been the topic of several recent analyst reports. Raymond James boosted their price objective on Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. Desjardins set a C$82.00 price objective on Aritzia and gave the stock a “buy” rating in a report on Wednesday, February 26th. CIBC reduced their price objective on Aritzia from C$1.80 to C$1.20 and set an “underperform” rating for the company in a research note on Friday. BMO Capital Markets increased their price objective on Aritzia from C$68.00 to C$80.00 in a research note on Friday, February 14th. Finally, TD Securities increased their price objective on Aritzia from C$68.00 to C$75.00 and gave the stock a “buy” rating in a research note on Sunday, January 12th.

Insider Activity at Aritzia

In related news, Senior Officer Karen Kwan sold 29,966 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of C$65.96, for a total value of C$1,976,557.36. Also, Senior Officer Margot Johnson sold 3,500 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of C$72.14, for a total transaction of C$252,490.00. Over the last 90 days, insiders sold 56,298 shares of company stock valued at $3,801,028. Insiders own 0.94% of the company’s stock.

Aritzia Stock Performance

Shares of ATZ opened at C$52.40 on Friday. The firm’s 50 day moving average is C$65.80 and its 200-day moving average is C$53.92. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The stock has a market capitalization of C$6.25 billion, a P/E ratio of 46.04, a P/E/G ratio of 1.19 and a beta of 1.83. Aritzia has a 12-month low of C$31.82 and a 12-month high of C$73.44.

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.