Aritzia (TSE:ATZ) Raised to Moderate Buy at Desjardins

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

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

Aritzia Stock Up 1.6 %

Shares of ATZ opened at C$67.08 on Tuesday. The firm has a 50 day simple moving average of C$64.04 and a two-hundred day simple moving average of 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. Aritzia has a one year low of C$31.82 and a one year high of C$73.44. The company has a market cap of C$8.00 billion, a P/E ratio of 58.94, a P/E/G ratio of 1.19 and a beta of 1.83.

Insider Activity at Aritzia

In related news, Director Jennifer Wong sold 12,609 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of C$68.75, for a total value of C$866,868.75. Also, Senior Officer Margot Johnson sold 3,500 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of C$72.14, for a total value of C$252,490.00. Insiders sold a total of 56,298 shares of company stock worth $3,801,028 in the last quarter. 0.94% of the stock is 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.