Aritzia (TSE:ATZ) Given a C$73.00 Price Target by Stifel Nicolaus Analysts

Aritzia (TSE:ATZ) has been given a C$73.00 price objective by stock analysts at Stifel Nicolaus in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 41.23% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. CIBC upped their price target on Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Sunday, January 12th. TD Securities increased their target price 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. Desjardins set a C$82.00 target price on shares of Aritzia and gave the stock a “buy” rating in a report on Wednesday, February 26th. Royal Bank of Canada lifted their price objective on shares of Aritzia from C$65.00 to C$73.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Finally, Canaccord Genuity Group lifted their price target on shares of Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a report on Sunday, January 12th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$69.90.

Aritzia Trading Down 2.3 %

Shares of TSE:ATZ traded down C$1.23 on Thursday, hitting C$51.69. The company had a trading volume of 990,018 shares, compared to its average volume of 683,869. The firm’s 50-day simple moving average is C$65.94 and its two-hundred day simple moving average is C$53.81. The firm has a market capitalization of C$6.17 billion, a price-to-earnings ratio of 45.42, a P/E/G ratio of 1.19 and a beta of 1.83. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. Aritzia has a 1 year low of C$31.82 and a 1 year high of C$73.44.

Insiders Place Their Bets

In other Aritzia news, Senior Officer Karen Kwan sold 29,966 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of C$65.96, for a total transaction of C$1,976,557.36. Also, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of C$68.50, for a total value of C$493,200.00. Insiders sold 56,298 shares of company stock valued at $3,801,028 over the last three months. 0.94% of the stock is owned by company 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.