Aritzia (TSE:ATZ) PT Lowered to C$54.00 at CIBC

Aritzia (TSE:ATZGet Rating) had its price objective decreased by CIBC from C$64.00 to C$54.00 in a research note released on Friday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. Canaccord Genuity Group raised their price target on Aritzia from C$57.00 to C$70.00 in a report on Thursday, January 13th. TD Securities cut their price target on Aritzia from C$68.00 to C$64.00 and set a buy rating on the stock in a report on Tuesday, April 26th. Scotiabank raised their target price on Aritzia from C$65.00 to C$66.00 in a research report on Monday, May 2nd. Finally, Royal Bank of Canada raised their target price on Aritzia from C$52.00 to C$60.00 and gave the company a sector perform rating in a research report on Thursday, January 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Aritzia presently has a consensus rating of Buy and a consensus target price of C$60.43.

Shares of TSE ATZ opened at C$39.80 on Friday. The company has a market cap of C$4.41 billion and a price-to-earnings ratio of 33.17. Aritzia has a 12-month low of C$28.70 and a 12-month high of C$60.64. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 103.69. The stock’s 50 day simple moving average is C$46.30 and its 200 day simple moving average is C$50.28.

In related news, Senior Officer Philippa (Pippa) Morgan sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 14th. The stock was sold at an average price of C$56.12, for a total value of C$841,864.50.

About Aritzia (Get Rating)

Aritzia Inc, together with its subsidiaries, designs and sells apparels and accessories for women in North America. It offers t-shirts, tops, bodysuits, shirts, blouses, sweaters, knitwear, sweatsuits, pants, denims, leggings, bike shorts, dresses, skirts, jackets, blazers, jackets, coats, shoes, and accessories, including hats, socks, face masks, intimates, gloves and mittens, belts, scarves, scrunchies, bags, and iphone cases.

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