TD Securities Lowers Aritzia (TSE:ATZ) Price Target to C$74.00

Aritzia (TSE:ATZ) had its price target cut by equities researchers at TD Securities from C$75.00 to C$74.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 42.69% from the stock’s previous close.

A number of other research firms have also recently weighed in on ATZ. CIBC dropped their price target on 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. Raymond James increased their price objective on Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. BMO Capital Markets raised their price target on Aritzia from C$68.00 to C$80.00 in a research report on Friday, February 14th. Canaccord Genuity Group raised their price objective on Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a research note on Sunday, January 12th. Finally, Desjardins set a C$82.00 price objective on Aritzia and gave the company a “buy” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$62.42.

Aritzia Trading Up 0.3 %

TSE ATZ opened at C$51.86 on Friday. The company has a market cap of C$6.19 billion, a PE ratio of 45.57, a PEG ratio of 1.19 and a beta of 1.83. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. Aritzia has a 12 month low of C$31.82 and a 12 month high of C$73.44. The stock has a 50 day moving average of C$65.09 and a 200-day moving average of C$54.21.

Insider Buying and Selling

In other Aritzia news, Senior Officer Margot Johnson sold 3,500 shares of Aritzia stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of C$72.14, for a total value of C$252,490.00. Also, Senior Officer Karen Kwan sold 29,966 shares of the business’s 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 value of C$1,976,557.36. Insiders have sold a total of 56,298 shares of company stock valued at $3,801,028 over the last ninety days. 0.94% of the stock is owned by company insiders.

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.