Aritzia (TSE:ATZ) Given New C$74.00 Price Target at TD Securities

Aritzia (TSE:ATZ) had its price objective dropped by equities researchers at TD Securities from C$75.00 to C$74.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 42.69% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. BMO Capital Markets upped their price target on Aritzia from C$68.00 to C$80.00 in a research report on Friday, February 14th. CIBC decreased their target price on Aritzia from C$1.80 to C$1.20 and set an “underperform” rating on the stock in a research note on Friday, March 14th. Stifel Nicolaus set a C$73.00 target price on Aritzia and gave the stock a “buy” rating in a research note on Thursday, March 13th. Desjardins set a C$82.00 target price on Aritzia and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada increased their price objective on Aritzia from C$65.00 to C$73.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$62.42.

Aritzia Stock Up 0.3 %

Shares of TSE ATZ opened at C$51.86 on Friday. Aritzia has a one year low of C$31.82 and a one year high of C$73.44. 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 business’s fifty day moving average price is C$65.09 and its 200-day moving average price is C$54.21. The stock has a market capitalization of C$6.19 billion, a PE ratio of 45.57, a P/E/G ratio of 1.19 and a beta of 1.83.

Insider Transactions at Aritzia

In other Aritzia news, Senior Officer Karen Kwan sold 29,966 shares of Aritzia stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of C$65.96, for a total transaction of C$1,976,557.36. 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 value of C$211,912.30. In the last three months, insiders have sold 56,298 shares of company stock worth $3,801,028. 0.94% of the stock is currently owned by insiders.

Aritzia Company Profile

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.