TD Securities Cuts Aritzia (TSE:ATZ) Price Target to C$74.00

Aritzia (TSE:ATZ) had its price objective cut by TD Securities from C$75.00 to C$74.00 in a report issued on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

ATZ has been the topic of several other reports. Stifel Nicolaus set a C$73.00 target price on shares of Aritzia and gave the stock a “buy” rating in a research report on Thursday, March 13th. 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 report on Monday, January 13th. BMO Capital Markets boosted their target price on Aritzia from C$68.00 to C$80.00 in a report on Friday, February 14th. Desjardins set a C$82.00 target price on Aritzia and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group lifted their price target on shares of Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a research report on Sunday, January 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$62.42.

Aritzia Price Performance

TSE ATZ opened at C$51.86 on Friday. 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 stock has a market capitalization of C$6.19 billion, a PE ratio of 45.57, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. Aritzia has a 12-month low of C$31.82 and a 12-month high of C$73.44. The company has a 50 day moving average price of C$65.09 and a two-hundred day moving average price of C$54.27.

Insiders Place Their Bets

In related news, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of Aritzia stock in a transaction dated Friday, January 17th. The stock was sold at an average price of C$68.50, for a total transaction of C$493,200.00. Also, Senior Officer Karen Kwan sold 29,966 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of C$65.96, for a total value of C$1,976,557.36. Insiders have sold a total of 56,298 shares of company stock valued at $3,801,028 in the last three months. Company 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.