Aritzia (TSE:ATZ) Upgraded to Outperform at Raymond James

Raymond James upgraded shares of Aritzia (TSE:ATZ) from a market perform rating to an outperform rating in a research note released on Tuesday morning,BayStreet.CA reports. The firm currently has C$55.00 price target on the stock, down from their prior price target of C$65.00.

ATZ has been the topic of several other reports. TD Securities reduced their price target on Aritzia from C$75.00 to C$74.00 and set a “buy” rating on the stock in a report on Friday, March 21st. BMO Capital Markets reduced their target price on shares of Aritzia from C$80.00 to C$74.00 in a report on Thursday, April 17th. Royal Bank of Canada upped their price target on shares of Aritzia from C$65.00 to C$73.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. CIBC cut their price target on shares of Aritzia from C$75.00 to C$57.00 in a report on Thursday, April 17th. Finally, Canaccord Genuity Group increased their price objective on Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a report on Sunday, January 12th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Aritzia has an average rating of “Moderate Buy” and an average price target of C$66.40.

Aritzia Trading Up 3.2 %

TSE ATZ opened at C$44.07 on Tuesday. The company has a market cap of C$5.26 billion, a price-to-earnings ratio of 38.72, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. Aritzia has a twelve month low of C$31.82 and a twelve month high of C$73.44. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The business’s fifty day moving average is C$53.62 and its 200 day moving average is C$53.89.

Insider Transactions at Aritzia

In other Aritzia news, Senior Officer Margot Johnson sold 3,500 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of C$72.14, for a total transaction of C$252,490.00. Also, Senior Officer Philippa (Pippa) Morgan sold 3,023 shares of Aritzia stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of C$70.10, for a total transaction of C$211,912.30. Corporate 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.