TD Securities Cuts Aritzia (TSE:ATZ) Price Target to C$43.00

Aritzia (TSE:ATZ) had its price target cut by research analysts at TD Securities from C$45.00 to C$43.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 20.04% from the company’s current price.

Several other equities analysts have also issued reports on ATZ. UBS Group raised their price target on Aritzia from C$39.00 to C$50.00 in a research report on Thursday, February 8th. BMO Capital Markets raised their target price on shares of Aritzia from C$38.00 to C$41.00 and gave the stock a “market perform” rating in a report on Thursday, February 15th. Raymond James upped their price target on shares of Aritzia from C$35.00 to C$46.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. CIBC raised their price target on shares of Aritzia from C$37.00 to C$41.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Canaccord Genuity Group upped their price objective on shares of Aritzia from C$36.00 to C$38.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. One research 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$41.60.

Aritzia Stock Down 0.9 %

Shares of TSE:ATZ opened at C$35.82 on Friday. The stock has a market capitalization of C$3.22 billion, a P/E ratio of 44.22, a price-to-earnings-growth ratio of 1.19 and a beta of 1.85. The stock’s 50-day moving average price is C$35.50 and its 200-day moving average price is C$31.03. The company has a current ratio of 1.32, a quick ratio of 0.19 and a debt-to-equity ratio of 103.38. Aritzia has a 12-month low of C$20.67 and a 12-month high of C$41.25.

Insider Activity

In related news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of the 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. Insiders own 0.55% of the company’s stock.

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.