Aritzia Inc. (TSE:ATZ) traded up 18.7% during mid-day trading on Thursday after Scotiabank raised their price target on the stock from C$49.00 to C$65.00. The company traded as high as C$59.96 and last traded at C$58.76. 328,455 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 388,711 shares. The stock had previously closed at C$49.51.
A number of other research firms also recently issued reports on ATZ. TD Securities lifted their price objective on shares of Aritzia from C$57.00 to C$68.00 and gave the company a “buy” rating in a report on Thursday. lifted their price objective on shares of Aritzia from C$43.00 to C$50.00 and gave the company a “buy” rating in a report on Thursday, October 14th. Canaccord Genuity Group boosted their target price on shares of Aritzia from C$57.00 to C$70.00 in a report on Thursday. BMO Capital Markets restated an “outperform” rating on shares of Aritzia in a report on Friday, October 15th. Finally, Royal Bank of Canada boosted their target price on shares of Aritzia from C$52.00 to C$60.00 and gave the stock a “sector perform” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$60.86.
In other news, Director Jennifer Wong sold 5,800 shares of the business’s stock in a transaction dated Thursday, October 28th. The shares were sold at an average price of C$49.75, for a total value of C$288,550.00. Following the completion of the sale, the director now owns 15,032 shares of the company’s stock, valued at C$747,842. Also, Senior Officer Philippa (Pippa) Morgan sold 10,000 shares of the company’s stock in a transaction dated Monday, October 18th. The stock was sold at an average price of C$49.95, for a total transaction of C$499,460.00. Over the last quarter, insiders sold 66,008 shares of company stock worth $3,299,145.
Aritzia (TSE:ATZ) last posted its quarterly earnings data on Wednesday, October 13th. The company reported C$0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.22 by C$0.10. The firm had revenue of C$350.07 million for the quarter, compared to the consensus estimate of C$302.20 million. On average, analysts expect that Aritzia Inc. will post 1.4199999 EPS for the current fiscal year.
Aritzia Company Profile (TSE:ATZ)
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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