Aritzia (TSE:ATZ) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group lowered shares of Aritzia (TSE:ATZ) from a buy rating to a hold rating in a research note published on Tuesday morning, Marketbeat.com reports. The firm currently has C$160.00 target price on the stock.

ATZ has been the topic of a number of other reports. BMO Capital Markets cut their price objective on Aritzia from C$196.00 to C$191.00 and set an “outperform” rating on the stock in a report on Thursday, October 8th. UBS Group raised their price objective on Aritzia from C$189.00 to C$204.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Desjardins set a C$180.00 target price on Aritzia and gave the stock a “buy” rating in a report on Tuesday, October 6th. Ventum Financial lifted their target price on Aritzia from C$180.00 to C$186.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Finally, Ventum Capital upped their target price on Aritzia from C$146.00 to C$160.00 and gave the company a “neutral” rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Aritzia presently has an average rating of “Moderate Buy” and a consensus price target of C$177.69.

Aritzia Stock Performance

Shares of Aritzia stock opened at C$150.35 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 1.31 and a debt-to-equity ratio of 79.21. The company has a 50 day moving average price of C$129.91 and a 200 day moving average price of C$139.39. Aritzia has a 52 week low of C$88.28 and a 52 week high of C$174.52. The firm has a market capitalization of C$17.02 billion, a P/E ratio of 30.31, a PEG ratio of 1.19 and a beta of 2.18.

Aritzia (TSE:ATZ) last issued its earnings results on Thursday, October 8th. The company reported C$1.31 earnings per share (EPS) for the quarter. Aritzia had a return on equity of 42.25% and a net margin of 13.62%. The company had revenue of C$1.17 billion during the quarter. Sell-side analysts expect that Aritzia will post 1.78 EPS for the current year.

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. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.