TD Securities Trims Aritzia (TSE:ATZ) Target Price to C$62.00

Aritzia (TSE:ATZ – Get Rating) had its price objective cut by TD Securities from C$64.00 to C$62.00 in a report released on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts also recently commented on the company. Royal Bank of Canada boosted their price objective 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. Canaccord Genuity Group boosted their price objective on Aritzia from C$57.00 to C$70.00 in a research report on Thursday, January 13th. Scotiabank boosted their price objective on Aritzia from C$65.00 to C$66.00 in a research report on Monday, May 2nd. BMO Capital Markets reduced their target price on Aritzia from C$70.00 to C$61.00 in a report on Friday. Finally, CIBC reduced their target price on Aritzia from C$64.00 to C$54.00 and set an outperform rating on the stock in a report on Friday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Buy and an average target price of C$60.43.

Shares of Aritzia stock opened at C$39.80 on Friday. The stock’s 50-day simple moving average is C$46.30 and its 200-day simple moving average is C$50.28. Aritzia has a 52 week low of C$28.70 and a 52 week high of C$60.64. The company has a market capitalization of C$4.41 billion and a price-to-earnings ratio of 33.17. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 103.69.

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, February 10th. The stock was sold at an average price of C$57.83, for a total transaction of C$867,403.50.

Aritzia Company Profile (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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