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

Aritzia (TSE:ATZ) had its price objective dropped by investment analysts at TD Securities from C$75.00 to C$74.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 42.20% from the company’s previous close.

ATZ has been the topic of several other research reports. 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. Royal Bank of Canada lifted their price objective on Aritzia from C$65.00 to C$73.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Canaccord Genuity Group boosted their price objective 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 raised their target price on shares of Aritzia from C$68.00 to C$80.00 in a report on Friday, February 14th. Finally, Raymond James boosted their price objective on shares of 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. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$62.42.

Aritzia Trading Up 0.6 %

Shares of ATZ stock traded up C$0.31 on Friday, reaching C$52.04. The company had a trading volume of 262,182 shares, compared to its average volume of 692,894. The company has a 50-day moving average of C$65.41 and a 200-day moving average of C$54.12. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. The stock has a market cap of C$6.21 billion, a PE ratio of 45.72, a PEG ratio of 1.19 and a beta of 1.83. Aritzia has a 12 month low of C$31.82 and a 12 month high of C$73.44.

Insider Buying and Selling

In other news, Senior Officer Philippa (Pippa) Morgan sold 3,023 shares of Aritzia stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$70.10, for a total value of C$211,912.30. Also, Director Jennifer Wong sold 12,609 shares of Aritzia stock in a transaction on Friday, January 17th. The stock was sold at an average price of C$68.75, for a total transaction of C$866,868.75. In the last 90 days, insiders sold 56,298 shares of company stock valued at $3,801,028. 0.94% of the stock is owned by insiders.

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.