CIBC Has Lowered Expectations for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its target price reduced by equities researchers at CIBC from C$1.80 to C$1.20 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “underperform” rating on the stock. CIBC’s price objective would indicate a potential downside of 97.71% from the company’s current price.

A number of other brokerages have also issued reports on ATZ. Canaccord Genuity Group boosted their price target on Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a report on Sunday, January 12th. Stifel Nicolaus set a C$73.00 price target on Aritzia and gave the company a “buy” rating in a report on Thursday. Raymond James boosted their price target on Aritzia from C$58.00 to C$65.00 and gave the company a “market perform” rating in a report on Monday, January 13th. TD Securities upped their target price on Aritzia from C$68.00 to C$75.00 and gave the stock a “buy” rating in a report on Sunday, January 12th. Finally, Desjardins set a C$82.00 target price on Aritzia and gave the stock a “buy” rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$62.52.

Aritzia Stock Up 0.3 %

Shares of TSE:ATZ opened at C$52.40 on Friday. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. The firm has a market capitalization of C$6.25 billion, a PE ratio of 46.04, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The firm has a fifty day moving average of C$65.80 and a 200 day moving average of C$53.98. Aritzia has a 52-week low of C$31.82 and a 52-week high of C$73.44.

Insider Activity

In related news, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of C$68.50, for a total value of C$493,200.00. Also, Senior Officer Karen Kwan sold 29,966 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of C$65.96, for a total transaction of C$1,976,557.36. In the last ninety days, insiders have sold 56,298 shares of company stock worth $3,801,028. Corporate insiders own 0.94% of the company’s stock.

About Aritzia

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.