Aritzia (TSE:ATZ) Price Target Cut to C$1.20 by Analysts at CIBC

Aritzia (TSE:ATZ) had its price target cut by analysts at CIBC from C$1.80 to C$1.20 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “underperform” rating on the stock. CIBC’s target price would indicate a potential downside of 97.73% from the company’s previous close.

A number of other analysts also recently weighed in on ATZ. Stifel Nicolaus set a C$73.00 price target on Aritzia and gave the stock a “buy” rating in a report on Thursday. TD Securities upped their target price on Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a report on Sunday, January 12th. Desjardins set a C$82.00 target price on Aritzia and gave the company a “buy” rating in a report on Wednesday, February 26th. Royal Bank of Canada upped their target price on Aritzia from C$65.00 to C$73.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Finally, BMO Capital Markets upped their target price on Aritzia from C$68.00 to C$80.00 in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$62.52.

Aritzia Trading Up 1.1 %

Aritzia stock traded up C$0.59 during trading hours on Friday, reaching C$52.82. 369,443 shares of the company’s stock were exchanged, compared to its average volume of 690,757. 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 firm’s 50 day simple moving average is C$65.90 and its 200 day simple moving average is C$53.86. Aritzia has a twelve month low of C$31.82 and a twelve month high of C$73.44. The firm has a market capitalization of C$6.30 billion, a PE ratio of 46.41, a PEG ratio of 1.19 and a beta of 1.83.

Insider Activity

In related news, Senior Officer Margot Johnson sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of C$72.14, for a total value of C$252,490.00. Also, Director Jennifer Wong sold 12,609 shares of Aritzia stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of C$68.75, for a total transaction of C$866,868.75. Over the last ninety days, insiders sold 56,298 shares of company stock worth $3,801,028. 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.