TD Securities Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ) had its price objective upped by TD Securities from C$70.00 to C$81.00 in a research report report published on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

ATZ has been the topic of several other reports. Canaccord Genuity Group cut their price objective on shares of Aritzia from C$70.00 to C$64.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. UBS Group increased their price objective on shares of Aritzia from C$61.00 to C$66.00 in a research report on Friday, May 2nd. Stifel Nicolaus decreased their target price on shares of Aritzia from C$73.00 to C$66.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Desjardins cut their price target on shares of Aritzia from C$82.00 to C$66.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Finally, Raymond James lifted their price objective on shares of Aritzia from C$60.00 to C$78.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$67.40.

Aritzia Price Performance

Shares of Aritzia stock opened at C$68.48 on Monday. 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 has a market capitalization of C$8.17 billion, a price-to-earnings ratio of 60.17, a P/E/G ratio of 1.19 and a beta of 1.83. Aritzia has a 1-year low of C$36.29 and a 1-year high of C$73.44. The firm’s 50-day moving average price is C$56.07 and its two-hundred day moving average price is C$57.74.

Insiders Place Their Bets

In other Aritzia news, Director Jennifer Wong sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of C$68.25, for a total transaction of C$1,023,750.00. Also, Senior Officer David John Maciver sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of C$68.06, for a total transaction of C$340,300.00. Insiders have sold 60,000 shares of company stock valued at $4,042,550 in the last ninety days. 0.94% of the stock is currently owned by insiders.

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.