Aritzia (TSE:ATZ) Downgraded to “Market Perform” Rating by Raymond James

Raymond James cut shares of Aritzia (TSE:ATZ) from an outperform rating to a market perform rating in a research note released on Tuesday,BayStreet.CA reports. They currently have C$58.00 price target on the stock, up from their previous price target of C$52.50.

Other analysts have also issued research reports about the company. Canaccord Genuity Group increased their price target on Aritzia from C$56.00 to C$62.00 in a report on Monday. Royal Bank of Canada increased their target price on shares of Aritzia from C$56.00 to C$65.00 in a research note on Tuesday. CIBC lifted their price target on shares of Aritzia from C$60.00 to C$63.00 in a research note on Monday. BMO Capital Markets upped their price target on shares of Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. Finally, TD Securities raised their price objective on shares of Aritzia from C$58.00 to C$68.00 in a research note on Monday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$60.89.

Aritzia Stock Performance

Shares of TSE:ATZ opened at C$56.91 on Tuesday. The firm has a fifty day simple moving average of C$48.81 and a two-hundred day simple moving average of C$46.13. Aritzia has a 52 week low of C$24.96 and a 52 week high of C$59.18. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. The stock has a market capitalization of C$5.23 billion, a P/E ratio of 83.69, a PEG ratio of 1.19 and a beta of 1.83.

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

Insider Buying and Selling at Aritzia

In related news, Senior Officer Karen Kwan sold 5,000 shares of Aritzia stock in a transaction dated Friday, November 1st. The stock was sold at an average price of C$46.00, for a total value of C$230,000.00. Also, Director Jennifer Wong sold 20,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. Insiders sold a total of 77,300 shares of company stock valued at $3,565,800 in the last three months. Company 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.