Aritzia (TSE:ATZ) PT Lowered to C$43.00 at Raymond James

Aritzia (TSE:ATZ) had its price objective lowered by Raymond James from C$46.00 to C$43.00 in a report released on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective suggests a potential upside of 20.04% from the company’s current price.

A number of other research firms have also recently weighed in on ATZ. BMO Capital Markets raised shares of Aritzia from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$41.00 to C$50.00 in a report on Friday. Stifel Nicolaus lifted their price target on Aritzia from C$34.00 to C$42.00 in a research note on Wednesday, April 3rd. CIBC upped their price target on Aritzia from C$37.00 to C$41.00 and gave the stock an “outperform” rating in a report on Friday. Canaccord Genuity Group raised their price objective on Aritzia from C$38.00 to C$40.00 and gave the company a “buy” rating in a report on Friday. Finally, TD Securities reduced their target price on Aritzia from C$45.00 to C$43.00 and set a “buy” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Aritzia presently has a consensus rating of “Moderate Buy” and a consensus target price of C$41.60.

Aritzia Trading Down 0.9 %

Aritzia stock opened at C$35.82 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.19 and a debt-to-equity ratio of 103.38. The firm has a market cap of C$3.22 billion, a PE ratio of 44.22, a P/E/G ratio of 1.19 and a beta of 1.85. The stock’s 50 day simple moving average is C$35.50 and its two-hundred day simple moving average is C$31.03. Aritzia has a 12 month low of C$20.67 and a 12 month high of C$41.25.

Insider Buying and Selling at Aritzia

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

About Aritzia

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.