Aritzia Inc. (TSE:ATZ - Get Free Report)'s share price shot up 13.9% on Friday . The company traded as high as C$47.70 and last traded at C$47.26. 220,962 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 356,179 shares. The stock had previously closed at C$41.51.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. CIBC raised their price target on shares of Aritzia from C$37.00 to C$41.00 and gave the company an "outperform" rating in a research report on Friday, May 3rd. TD Securities raised their price target on shares of Aritzia from C$46.00 to C$50.00 in a research report on Friday. BMO Capital Markets raised their price target on shares of Aritzia from C$50.00 to C$52.00 in a research report on Friday. Royal Bank of Canada raised their price target on shares of Aritzia from C$46.00 to C$47.00 in a research report on Friday. Finally, Raymond James dropped their price target on shares of Aritzia from C$46.00 to C$43.00 and set an "outperform" rating on the stock in a research report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Aritzia presently has a consensus rating of "Moderate Buy" and an average target price of C$46.67.
Read Our Latest Analysis on Aritzia
Aritzia Price Performance
The business's fifty day moving average is C$36.63 and its 200-day moving average is C$35.24. The company has a debt-to-equity ratio of 99.80, a current ratio of 1.40 and a quick ratio of 0.19. The firm has a market cap of C$4.33 billion, a PE ratio of 69.07, a P/E/G ratio of 1.19 and a beta of 1.84.
Aritzia (TSE:ATZ - Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported C$0.21 earnings per share for the quarter, missing the consensus estimate of C$0.29 by C($0.08). The business had revenue of C$681.97 million during the quarter, compared to analysts' expectations of C$681.70 million. Aritzia had a return on equity of 10.55% and a net margin of 3.38%. On average, research analysts predict that Aritzia Inc. will post 1.7411386 earnings per share for the current fiscal year.
Insider Transactions at Aritzia
In other news, Senior Officer David John Maciver sold 173,254 shares of Aritzia stock in a transaction dated Monday, May 6th. The shares were sold at an average price of C$36.64, for a total value of C$6,348,026.56. In related news, Senior Officer Karen Kwan sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$34.00, for a total transaction of C$34,000.00. Also, Senior Officer David John Maciver sold 173,254 shares of the business's stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$36.64, for a total transaction of C$6,348,026.56. Insiders sold 185,254 shares of company stock worth $6,750,057 over the last quarter. Corporate insiders own 0.55% of the company's stock.
Aritzia Company Profile
(Get Free Report)
Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.
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