Aritzia (TSE:ATZ) Price Target Cut to C$58.00 by Analysts at TD Securities

Aritzia (TSE:ATZ) had its target price lowered by TD Securities from C$60.00 to C$58.00 in a research report released on Friday morning, BayStreet.CA reports.

Other analysts have also issued reports about the stock. Canaccord Genuity Group raised their price objective on shares of Aritzia from C$46.00 to C$52.00 and gave the company a buy rating in a research note on Monday, July 29th. Stifel Nicolaus boosted their price target on Aritzia from C$42.00 to C$50.00 and gave the stock a buy rating in a research note on Friday, July 12th. Raymond James upped their target price on shares of Aritzia from C$43.00 to C$48.00 and gave the company an outperform rating in a research note on Monday, July 15th. UBS Group boosted their price objective on shares of Aritzia from C$53.00 to C$54.00 in a report on Friday, July 12th. Finally, BMO Capital Markets raised their target price on shares of Aritzia from C$50.00 to C$52.00 in a report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of C$55.38.

Aritzia Stock Performance

Aritzia stock opened at C$47.20 on Friday. Aritzia has a 1-year low of C$20.67 and a 1-year high of C$51.80. The firm has a market cap of C$4.33 billion, a P/E ratio of 69.41, a P/E/G ratio of 1.19 and a beta of 1.83. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. The firm has a 50-day moving average of C$46.60 and a 200-day moving average of C$40.70.

Aritzia (TSE:ATZ) last released its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of C$615.66 million during the quarter, compared to the consensus estimate of C$581.10 million. Sell-side analysts expect that Aritzia will post 1.7771148 EPS for the current year.

Insider Activity

In other Aritzia news, Director Jennifer Wong sold 11,800 shares of Aritzia stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of C$47.75, for a total transaction of C$563,450.00. In other Aritzia news, Director Jennifer Wong sold 11,800 shares of Aritzia stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total transaction of C$563,450.00. Also, Senior Officer Karen Kwan sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total value of C$477,000.00. Corporate insiders own 0.94% of the company’s stock.

Aritzia Company Profile

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.