Aritzia (TSE:ATZ) Price Target Cut to C$74.00 by Analysts at TD Securities

Aritzia (TSE:ATZ) had its price target reduced by TD Securities from C$75.00 to C$74.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research firms also recently issued reports on ATZ. CIBC reduced their price target on shares of Aritzia from C$1.80 to C$1.20 and set an “underperform” rating on the stock in a research note on Friday, March 14th. Desjardins set a C$82.00 target price on Aritzia and gave the company a “buy” rating in a research report on Wednesday, February 26th. Canaccord Genuity Group boosted their price objective on Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a report on Sunday, January 12th. Royal Bank of Canada boosted their price target on shares of Aritzia from C$65.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Finally, Stifel Nicolaus set a C$73.00 price objective on Aritzia and gave the company a “buy” rating in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$62.42.

Aritzia Stock Up 0.3 %

Shares of TSE:ATZ opened at C$51.86 on Friday. The company has a market capitalization of C$6.19 billion, a price-to-earnings ratio of 45.57, a PEG ratio of 1.19 and a beta of 1.83. Aritzia has a 12-month low of C$31.82 and a 12-month high of C$73.44. The business has a 50-day moving average price of C$65.09 and a 200 day moving average price of C$54.15. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51.

Insider Activity

In other news, Senior Officer Margot Johnson sold 3,500 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of C$72.14, for a total transaction of C$252,490.00. Also, Senior Officer Karen Kwan sold 29,966 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of C$65.96, for a total transaction of C$1,976,557.36. Over the last three months, insiders sold 56,298 shares of company stock valued at $3,801,028. Insiders own 0.94% of the company’s stock.

Aritzia Company Profile

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories.