Raymond James Cuts Aritzia (TSE:ATZ) Price Target to C$43.00

Aritzia (TSE:ATZ - Free Report) had its price target lowered by Raymond James from C$46.00 to C$43.00 in a report released on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts have also commented on the stock. Canaccord Genuity Group boosted their price target on shares of Aritzia from C$38.00 to C$40.00 and gave the company a buy rating in a research note on Friday. BMO Capital Markets raised shares of Aritzia from a market perform rating to an outperform rating and boosted their target price for the stock from C$41.00 to C$50.00 in a research report on Friday. CIBC lifted their price target on Aritzia from C$37.00 to C$41.00 and gave the company an outperform rating in a research note on Friday. Stifel Nicolaus raised their price objective on Aritzia from C$34.00 to C$42.00 in a research note on Wednesday, April 3rd. Finally, UBS Group boosted their price target on shares of Aritzia from C$39.00 to C$50.00 in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Aritzia presently has an average rating of Moderate Buy and a consensus price target of C$41.60.

Aritzia Stock Down 0.9 %

ATZ stock traded down C$0.31 during trading on Friday, reaching C$35.82. 1,478,921 shares of the stock were exchanged, compared to its average volume of 394,525. The firm's 50 day moving average is C$35.50 and its 200 day moving average is C$30.99. The firm has a market cap of C$3.22 billion, a P/E ratio of 44.22, a price-to-earnings-growth ratio of 1.19 and a beta of 1.85. The company has a current ratio of 1.32, a quick ratio of 0.19 and a debt-to-equity ratio of 103.38. Aritzia has a twelve month low of C$20.67 and a twelve month high of C$41.25.

Insider Activity at Aritzia

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of C$40.44, for a total value of C$63,409.92. 0.55% of the stock is owned by company insiders.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.