Aritzia (TSE:ATZ) Price Target Cut to C$43.00

Aritzia (TSE:ATZ) had its price target decreased by Raymond James from C$46.00 to C$43.00 in a research report report published on Friday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

A number of other analysts have also recently issued reports on ATZ. BMO Capital Markets raised Aritzia from a market perform rating to an outperform rating and increased their price objective for the stock from C$41.00 to C$50.00 in a report on Friday. CIBC lifted their price objective on shares of Aritzia from C$37.00 to C$41.00 and gave the stock an outperform rating in a report on Friday. UBS Group upped their target price on Aritzia from C$39.00 to C$50.00 in a research note on Thursday, February 8th. Canaccord Genuity Group upped their price target on shares of Aritzia from C$38.00 to C$40.00 and gave the company a buy rating in a research report on Friday. Finally, TD Securities cut their target price on shares of Aritzia from C$45.00 to C$43.00 and set a buy rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Aritzia currently has an average rating of Moderate Buy and a consensus price target of C$41.60.

Aritzia Trading Up 6.1 %

TSE ATZ opened at C$38.02 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.19 and a debt-to-equity ratio of 103.38. The firm has a market capitalization of C$3.42 billion, a P/E ratio of 46.94, a PEG ratio of 1.19 and a beta of 1.85. The business has a fifty day simple moving average of C$35.55 and a 200 day simple moving average of C$31.18. Aritzia has a 12 month low of C$20.67 and a 12 month high of C$41.25.

Insiders Place Their Bets

In related news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of C$40.44, for a total transaction of C$63,409.92. Corporate insiders own 0.55% of the company’s stock.

About Aritzia

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.