Aritzia (TSE:ATZ) Shares Down 6.2% After Analyst Downgrade

Aritzia Inc. (TSE:ATZ)’s share price traded down 6.2% on Friday after Raymond James lowered their price target on the stock from C$46.00 to C$43.00. Raymond James currently has an outperform rating on the stock. Aritzia traded as low as C$31.82 and last traded at C$33.90. 554,742 shares traded hands during trading, an increase of 46% from the average session volume of 380,748 shares. The stock had previously closed at C$36.13.

ATZ has been the topic of several other research reports. CIBC upped their price objective on shares of Aritzia from C$37.00 to C$41.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group boosted their price target on Aritzia from C$39.00 to C$50.00 in a report on Thursday, February 8th. TD Securities decreased their price objective on Aritzia from C$45.00 to C$43.00 and set a “buy” rating on the stock in a report on Friday. Stifel Nicolaus upped their target price on Aritzia from C$34.00 to C$42.00 in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets raised Aritzia from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$41.00 to C$50.00 in a research note on Friday. 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$41.60.

Insider Buying and Selling at Aritzia

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$40.44, for a total value of C$63,409.92. 0.55% of the stock is owned by company insiders.

Aritzia Stock Down 0.9 %

The business’s 50 day simple moving average is C$35.50 and its 200-day simple moving average is C$30.99. The company has a debt-to-equity ratio of 103.38, a quick ratio of 0.19 and a current ratio of 1.32. The company has a market cap of C$3.22 billion, a price-to-earnings ratio of 44.22, a price-to-earnings-growth ratio of 1.19 and a beta of 1.85.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.