Aritzia (ATZ) Target Price Boosted  to C$23.00

Aritzia (ATZ) Target Price Boosted  to C$23.00

Aritzia (TSE:ATZ) had its price target upped by CIBC from C$22.00 to C$23.00 in a report released on Friday.

ATZ has been the topic of several other reports. Royal Bank of Canada boosted their target price on Aritzia from C$20.00 to C$21.00 and gave the stock an outperform rating in a report on Thursday, July 12th. TD Securities boosted their target price on Aritzia from C$17.50 to C$19.00 and gave the stock a buy rating in a report on Monday, July 9th. Finally, BMO Capital Markets boosted their target price on Aritzia from C$19.00 to C$20.00 and gave the stock an outperform rating in a report on Thursday, July 12th.

TSE:ATZ opened at C$18.39 on Friday. Aritzia has a 12 month low of C$10.10 and a 12 month high of C$18.41.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Wednesday, July 11th. The company reported C$0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.09 by C$0.01. Aritzia had a return on equity of 46.23% and a net margin of 13.73%. The company had revenue of C$167.01 million during the quarter, compared to analyst estimates of C$166.36 million.

In related news, Director Brian James Beaumont Hill bought 150,000 shares of the stock in a transaction dated Friday, August 10th. The shares were acquired at an average cost of C$16.00 per share, for a total transaction of C$2,400,000.00.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, operates as a design house and fashion retailer of women's apparel and accessories. The company designs and sells blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, denim, leggings, sweatshirts, bodysuits, puffers, jumpsuits, and intimates; and accessories, including hats, scarves, bags and pouches, socks and tights, belts, iPhone cases, and gloves.

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