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

Aritzia (TSE:ATZ) had its price objective cut by TD Securities from C$75.00 to C$74.00 in a report published on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

ATZ has been the subject of several other research reports. Stifel Nicolaus set a C$73.00 price objective on shares of Aritzia and gave the stock a “buy” rating in a report on Thursday, March 13th. Raymond James raised their price target on Aritzia from C$58.00 to C$65.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Desjardins set a C$82.00 price objective on Aritzia and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group raised their target price 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, BMO Capital Markets upped their price target on shares of Aritzia from C$68.00 to C$80.00 in a research report on Friday, February 14th. One 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$62.42.

Aritzia Stock Up 0.3 %

Shares of TSE ATZ opened at C$51.86 on Friday. The business has a fifty day moving average of C$65.09 and a two-hundred day moving average of C$54.27. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. Aritzia has a 52-week low of C$31.82 and a 52-week high of C$73.44. The stock 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.

Insider Buying and Selling

In other Aritzia news, Senior Officer Karen Kwan sold 29,966 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of C$65.96, for a total value of C$1,976,557.36. Also, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of C$68.50, for a total value of C$493,200.00. Insiders sold a total of 56,298 shares of company stock valued at $3,801,028 over the last ninety days. 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.