Aritzia (TSE:ATZ) Upgraded by BMO Capital Markets to Outperform

BMO Capital Markets upgraded shares of Aritzia (TSE:ATZ) from a market perform rating to an outperform rating in a research report sent to investors on Friday morning, BayStreet.CA reports. BMO Capital Markets currently has C$50.00 price objective on the stock, up from their previous price objective of C$41.00.

ATZ has been the subject of several other reports. TD Securities decreased their target price on shares of Aritzia from C$45.00 to C$43.00 and set a buy rating for the company in a report on Friday. UBS Group boosted their price objective on shares of Aritzia from C$39.00 to C$50.00 in a report on Thursday, February 8th. CIBC increased their target price on Aritzia from C$37.00 to C$41.00 and gave the company an outperform rating in a research note on Friday. Raymond James boosted their price target on Aritzia from C$35.00 to C$46.00 and gave the stock an outperform rating in a research note on Tuesday, March 19th. Finally, Stifel Nicolaus increased their price objective on Aritzia from C$34.00 to C$42.00 in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Aritzia currently has an average rating of Moderate Buy and a consensus target price of C$41.60.

Aritzia Stock Down 0.9 %

ATZ stock opened at C$35.82 on Friday. The business has a 50 day moving average of C$35.50 and a 200 day moving average of C$30.99. The firm has a market cap of C$3.22 billion, a PE ratio of 44.22, a price-to-earnings-growth ratio of 1.19 and a beta of 1.85. Aritzia has a twelve month low of C$20.67 and a twelve month high of C$41.25. The company has a quick ratio of 0.19, a current ratio of 1.32 and a debt-to-equity ratio of 103.38.

Insider Buying and Selling

In related news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of C$40.44, for a total value of C$63,409.92. 0.55% of the stock is currently owned by company insiders.

About Aritzia

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.