TD Securities Cuts Aritzia (TSE:ATZ) Price Target to C$58.00

Aritzia (TSE:ATZ) had its price target reduced by TD Securities from C$60.00 to C$58.00 in a research note issued to investors on Friday, BayStreet.CA reports.

A number of other analysts have also weighed in on ATZ. Canaccord Genuity Group upped their price objective on Aritzia from C$46.00 to C$52.00 and gave the stock a buy rating in a research report on Monday, July 29th. Raymond James lifted their target price on Aritzia from C$43.00 to C$48.00 and gave the company an outperform rating in a research note on Monday, July 15th. CIBC upped their price target on Aritzia from C$41.00 to C$47.00 and gave the stock an outperform rating in a research note on Monday, July 15th. BMO Capital Markets increased their price target on shares of Aritzia from C$50.00 to C$52.00 in a report on Friday, July 12th. Finally, UBS Group increased their price objective on Aritzia from C$53.00 to C$54.00 in a research report on Friday, July 12th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of C$55.38.

Aritzia Stock Down 5.6 %

ATZ stock opened at C$47.20 on Friday. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. Aritzia has a one year low of C$20.67 and a one year high of C$51.80. The firm’s fifty day moving average is C$46.60 and its 200 day moving average is C$40.70. The firm has a market cap of C$4.33 billion, a PE ratio of 69.41, a P/E/G ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 EPS for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The company had revenue of C$615.66 million for the quarter, compared to analysts’ expectations of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. On average, research analysts forecast that Aritzia will post 1.7771148 EPS for the current year.

Insider Activity

In other news, Senior Officer Karen Kwan sold 10,000 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of C$47.70, for a total value of C$477,000.00. In other news, Director Jennifer Wong sold 11,800 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of C$47.75, for a total transaction of C$563,450.00. Also, Senior Officer Karen Kwan sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total transaction of C$477,000.00. Insiders own 0.94% of the company’s stock.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs, develops, and sells apparels and accessories for women in the United States and Canada. The company offers activewear, blazers and suiting, bodysuits, denim, dresses, jackets and coats, jumpsuits and rompers, leggings and bike shorts, pants, shirts and blouses, shorts, skirts, sweaters, and sweatpants, sweatshirts, hoodies, and sweats, as well as t-shirts, tops, intimates, bra tops, leaotards.