Aritzia (TSE:ATZ) Price Target Lowered to C$58.00 at TD Securities

Aritzia (TSE:ATZ) had its price objective cut by TD Securities from C$60.00 to C$58.00 in a research report issued on Friday, BayStreet.CA reports. TD Securities’ price target points to a potential upside of 22.88% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus boosted their target price on Aritzia from C$42.00 to C$50.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Raymond James raised their price objective on Aritzia from C$43.00 to C$48.00 and gave the company an “outperform” rating in a report on Monday, July 15th. UBS Group upped their target price on Aritzia from C$53.00 to C$54.00 in a report on Friday, July 12th. CIBC lifted their price target on Aritzia from C$41.00 to C$47.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Royal Bank of Canada upped their price objective on Aritzia from C$47.00 to C$56.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Aritzia has a consensus rating of “Moderate Buy” and an average target price of C$55.38.

Aritzia Stock Performance

ATZ opened at C$47.20 on Friday. The firm has a market cap of C$4.33 billion, a P/E ratio of 69.41, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The business’s fifty day moving average is C$46.60 and its 200-day moving average is C$40.70. Aritzia has a 52-week low of C$20.67 and a 52-week high of C$51.80. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). Aritzia had a net margin of 3.26% and a return on equity of 9.84%. The firm had revenue of C$615.66 million during the quarter, compared to the consensus estimate of C$581.10 million. Sell-side analysts expect that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insider Transactions at Aritzia

In related news, Senior Officer Karen Kwan sold 10,000 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total transaction of C$477,000.00. In other Aritzia news, Director Jennifer Wong sold 11,800 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of C$47.75, for a total value of C$563,450.00. Also, Senior Officer Karen Kwan sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total value of C$477,000.00. Insiders own 0.94% of the company’s stock.

About Aritzia

Aritzia Inc, together with its subsidiaries, designs, develops, and sells apparels and accessories for women in the United States and Canada. The company offers activewear, blazers and suiting, bodysuits, denim, dresses, jackets and coats, jumpsuits and rompers, leggings and bike shorts, pants, shirts and blouses, shorts, skirts, sweaters, and sweatpants, sweatshirts, hoodies, and sweats, as well as t-shirts, tops, intimates, bra tops, leaotards.