Aritzia (TSE:ATZ) Downgraded by Raymond James to Market Perform

Aritzia (TSE:ATZ) was downgraded by Raymond James from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. They currently have a C$58.00 target price on the stock, up from their prior target price of C$52.50. Raymond James’ price objective would indicate a potential upside of 1.59% from the company’s previous close.

Other analysts also recently issued research reports about the company. TD Securities lifted their target price on Aritzia from C$58.00 to C$68.00 in a research note on Monday. Canaccord Genuity Group upped their target price on shares of Aritzia from C$56.00 to C$62.00 in a research report on Monday. Stifel Nicolaus lifted their price target on shares of Aritzia from C$58.00 to C$66.00 in a report on Tuesday. BMO Capital Markets increased their price objective on shares of Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. Finally, CIBC lifted their target price on Aritzia from C$60.00 to C$63.00 in a report on Monday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Aritzia currently has an average rating of “Moderate Buy” and a consensus price target of C$60.89.

Aritzia Stock Performance

Aritzia stock traded down C$1.08 during midday trading on Tuesday, hitting C$57.09. The stock had a trading volume of 344,380 shares, compared to its average volume of 616,685. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. Aritzia has a 52-week low of C$24.96 and a 52-week high of C$59.18. The company has a market capitalization of C$5.24 billion, a PE ratio of 83.96, a P/E/G ratio of 1.19 and a beta of 1.83. The firm’s fifty day moving average is C$48.53 and its two-hundred day moving average is C$46.05.

Aritzia (TSE:ATZ) last released its earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). Aritzia had a net margin of 3.26% and a return on equity of 9.84%. 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 forecast that Aritzia will post 1.7771148 EPS for the current year.

Insiders Place Their Bets

In related news, Senior Officer Karen Kwan sold 3,800 shares of Aritzia stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$174,800.00. Also, Director Jennifer Wong sold 2,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$92,000.00. In the last three months, insiders have sold 77,300 shares of company stock valued at $3,565,800. Company insiders own 0.94% of the company’s stock.

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.