BMO Capital Markets Has Lowered Expectations for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its target price decreased by research analysts at BMO Capital Markets from C$80.00 to C$74.00 in a research note issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 75.86% from the company’s previous close.

Other research analysts also recently issued research reports about the company. TD Securities reduced their price target on Aritzia from C$75.00 to C$74.00 and set a “buy” rating for the company in a report on Friday, March 21st. Canaccord Genuity Group raised their price target on shares of Aritzia from C$62.00 to C$70.00 and gave the stock a “buy” rating in a research report on Sunday, January 12th. Stifel Nicolaus set a C$73.00 price target on shares of Aritzia and gave the company a “buy” rating in a report on Thursday, March 13th. CIBC decreased their price objective on shares of Aritzia from C$75.00 to C$57.00 in a report on Thursday. Finally, Desjardins set a C$82.00 target price on shares of Aritzia and gave the company a “buy” rating in a research note on Wednesday, February 26th. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$67.40.

Aritzia Stock Performance

Shares of ATZ stock opened at C$42.08 on Thursday. The company’s fifty day moving average price is C$54.67 and its two-hundred day moving average price is C$53.93. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The firm has a market capitalization of C$5.02 billion, a P/E ratio of 36.97, a P/E/G ratio of 1.19 and a beta of 1.83. Aritzia has a 12 month low of C$31.82 and a 12 month high of C$73.44.

Insider Activity at Aritzia

In other news, Senior Officer Philippa (Pippa) Morgan sold 3,023 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of C$70.10, for a total transaction of C$211,912.30. Also, Senior Officer Margot Johnson sold 3,500 shares of Aritzia stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of C$72.14, for a total transaction of C$252,490.00. Insiders own 0.94% of the company’s stock.

About Aritzia

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories.