Aritzia (ATZ) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Aritzia (TSE:ATZ) released its quarterly earnings data on Wednesday. The company reported C$0.28 earnings per share for the quarter, beating the consensus estimate of C$0.27 by C$0.01, Morningstar.com reports. The company had revenue of C$242.88 million for the quarter, compared to analysts’ expectations of C$235.50 million.

TSE ATZ traded down C$0.73 during trading hours on Thursday, hitting C$15.82. 1,158,797 shares of the company’s stock traded hands, compared to its average volume of 524,988. The company has a debt-to-equity ratio of 23.44, a quick ratio of 0.65 and a current ratio of 2.03. Aritzia has a 52 week low of C$11.59 and a 52 week high of C$19.79.

In related news, insider Philippa (Pippa) Morgan sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of C$18.80, for a total transaction of C$376,000.00. Also, Director Jennifer Michelle Wong Neal sold 32,738 shares of the business’s stock in a transaction that occurred on Friday, October 12th. The shares were sold at an average price of C$18.23, for a total transaction of C$596,813.74. Insiders have sold 65,538 shares of company stock valued at $1,207,959 over the last 90 days.

Several research analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Aritzia from C$20.00 to C$21.00 in a report on Friday, October 19th. TD Securities reissued a “buy” rating and set a C$21.00 price objective on shares of Aritzia in a report on Monday. Robert W. Baird set a C$20.00 price objective on shares of Aritzia in a report on Wednesday, January 2nd. CIBC boosted their price objective on shares of Aritzia from C$22.00 to C$23.00 in a report on Wednesday. Finally, Royal Bank of Canada boosted their price objective on shares of Aritzia from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday, October 5th.

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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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Earnings History for Aritzia (TSE:ATZ)

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