Raymond James Downgrades Aritzia (TSE:ATZ) to Market Perform

Aritzia (TSE:ATZ) was downgraded by Raymond James from an “outperform” rating to a “market perform” rating in a report issued on Tuesday, Marketbeat reports. They presently have a C$58.00 target price on the stock, up from their prior target price of C$52.50. Raymond James’ price target points to a potential upside of 1.68% from the stock’s current price.

ATZ has been the topic of a number of other research reports. Canaccord Genuity Group increased their price target on Aritzia from C$56.00 to C$62.00 in a research report on Monday. TD Securities upped their target price on Aritzia from C$58.00 to C$68.00 in a research note on Monday. Royal Bank of Canada lifted their price target on shares of Aritzia from C$56.00 to C$65.00 in a research note on Tuesday. BMO Capital Markets upped their price objective on shares of Aritzia from C$57.00 to C$60.00 in a research report on Thursday, December 19th. Finally, Stifel Nicolaus increased their price objective on shares of Aritzia from C$58.00 to C$66.00 in a report on Tuesday. One equities research 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 company has a consensus rating of “Moderate Buy” and an average target price of C$60.89.

Aritzia Stock Performance

Shares of TSE ATZ opened at C$57.04 on Tuesday. The company has a market capitalization of C$5.24 billion, a PE ratio of 83.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. 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 company’s fifty day moving average price is C$48.81 and its 200 day moving average price is C$46.13. Aritzia has a 1 year low of C$25.32 and a 1 year high of C$59.18.

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

Insiders Place Their Bets

In other news, Senior Officer Karen Kwan sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of C$46.00, for a total value of C$230,000.00. Also, Director Jennifer Wong sold 2,000 shares of Aritzia stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$92,000.00. Insiders have sold a total of 77,300 shares of company stock valued at $3,565,800 in the last 90 days. 0.94% of the stock is owned by 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.