Aritzia (TSE:ATZ) Downgraded by Raymond James to “Market Perform”

Aritzia (TSE:ATZ) was downgraded by equities research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a report released on Tuesday, MarketBeat Ratings reports. They presently have a C$58.00 price objective on the stock, up from their previous price objective of C$52.50. Raymond James’ target price suggests a potential upside of 1.68% from the company’s current price.

Other research analysts have also issued research reports about the stock. CIBC increased their target price on shares of Aritzia from C$60.00 to C$63.00 in a research note on Monday. BMO Capital Markets increased their price objective on shares of Aritzia from C$57.00 to C$60.00 in a research report on Thursday, December 19th. Canaccord Genuity Group boosted their target price on Aritzia from C$56.00 to C$62.00 in a research report on Monday. Royal Bank of Canada raised their price target on Aritzia from C$56.00 to C$65.00 in a research report on Tuesday. Finally, TD Securities boosted their price objective on Aritzia from C$58.00 to C$68.00 in a report on Monday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Aritzia currently has an average rating of “Moderate Buy” and a consensus target price of C$60.89.

Aritzia Trading Up 0.2 %

Shares of Aritzia stock opened at C$57.04 on Tuesday. Aritzia has a fifty-two week low of C$25.32 and a fifty-two week high of C$59.18. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. The firm has a market capitalization of C$5.24 billion, a price-to-earnings ratio of 83.88, a PEG ratio of 1.19 and a beta of 1.83. The stock has a 50 day moving average of C$48.81 and a 200 day moving average of C$46.13.

Aritzia (TSE:ATZ) last released its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The business 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%. As a group, research analysts predict that Aritzia will post 1.7771148 earnings per share for the current year.

Insider Transactions at Aritzia

In related news, Senior Officer Karen Kwan sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of C$46.00, for a total value of C$299,000.00. Also, Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. Over the last 90 days, insiders have sold 77,300 shares of company stock valued at $3,565,800. 0.94% of the stock is currently owned by company insiders.

About Aritzia

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.