Aritzia (TSE:ATZ) Upgraded by Desjardins to Moderate Buy Rating

Aritzia (TSE:ATZ) was upgraded by analysts at Desjardins to a “moderate buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts have also issued reports on ATZ. Canaccord Genuity Group upped their price objective on Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a research note on Sunday, January 12th. Royal Bank of Canada increased their price target on Aritzia from C$65.00 to C$73.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. CIBC raised their price target on Aritzia from C$63.00 to C$75.00 and gave the company an “outperform” rating in a report on Sunday, January 12th. TD Securities upped their price objective on shares of Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a report on Sunday, January 12th. Finally, BMO Capital Markets raised their target price on shares of Aritzia from C$68.00 to C$80.00 in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$69.60.

Aritzia Stock Up 1.6 %

Aritzia stock opened at C$67.08 on Tuesday. Aritzia has a fifty-two week low of C$31.82 and a fifty-two week high of C$73.44. The firm has a market capitalization of C$8.00 billion, a PE ratio of 58.94, a P/E/G ratio of 1.19 and a beta of 1.83. The company’s 50-day moving average is C$64.04 and its 200-day moving average is C$52.48. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19.

Insider Transactions at Aritzia

In other news, Senior Officer Margot Johnson sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of C$72.14, for a total transaction of C$252,490.00. Also, Senior Officer Karen Kwan sold 29,966 shares of Aritzia stock in a transaction that occurred on 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. Over the last 90 days, insiders sold 56,298 shares of company stock valued at $3,801,028. 0.94% of the stock is currently owned by corporate 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.