Aritzia (TSE:ATZ) Given New C$57.00 Price Target at CIBC

Aritzia (TSE:ATZ) had its price objective lowered by CIBC from C$75.00 to C$57.00 in a research report report published on Thursday,BayStreet.CA reports.

ATZ has been the subject of a number of other reports. Canaccord Genuity Group boosted their target price on Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a research report on Sunday, January 12th. BMO Capital Markets boosted their price objective on Aritzia from C$68.00 to C$80.00 in a report on Friday, February 14th. Raymond James upped their target price 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. Desjardins set a C$82.00 price target on shares of Aritzia and gave the company a “buy” rating in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada boosted their price target on shares of Aritzia from C$65.00 to C$73.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. One equities 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, Aritzia currently has an average rating of “Moderate Buy” and an average target price of C$67.40.

Aritzia Trading Up 0.7 %

ATZ opened at C$42.08 on Thursday. The company has a fifty day moving average price of C$55.27 and a two-hundred day moving average price of C$53.99. Aritzia has a 1-year low of C$31.82 and a 1-year high of C$73.44. The company has a market cap of C$5.02 billion, a P/E ratio of 36.97, a price-to-earnings-growth 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.

Insider Transactions at Aritzia

In other Aritzia news, Senior Officer Margot Johnson sold 3,500 shares of Aritzia stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of C$72.14, for a total value of C$252,490.00. Also, Senior Officer Philippa (Pippa) Morgan sold 3,023 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of C$70.10, for a total transaction of C$211,912.30. Company insiders own 0.94% of the company’s stock.

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.