TD Securities Lowers Aritzia (TSE:ATZ) Price Target to C$66.00

Aritzia (TSE:ATZ) had its price target dropped by investment analysts at TD Securities from C$74.00 to C$66.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 39.27% from the stock’s current price.

A number of other brokerages also recently issued reports on ATZ. Desjardins set a C$82.00 price objective on Aritzia and gave the company a “buy” rating in a research note on Wednesday, February 26th. Raymond James raised shares of Aritzia from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from C$65.00 to C$55.00 in a research note on Tuesday. Canaccord Genuity Group lifted their target price on shares of Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a research note on Sunday, January 12th. Stifel Nicolaus set a C$73.00 price target on Aritzia and gave the stock a “buy” rating in a research note on Thursday, March 13th. Finally, BMO Capital Markets lowered their price objective on Aritzia from C$80.00 to C$74.00 in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$65.60.

Aritzia Price Performance

Shares of Aritzia stock opened at C$47.39 on Thursday. The stock has a market cap of C$5.65 billion, a P/E ratio of 41.64, a P/E/G ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. The stock’s fifty day moving average is C$52.27 and its 200 day moving average is C$53.82. Aritzia has a one year low of C$31.82 and a one year high of C$73.44.

Insider Activity at Aritzia

In other Aritzia news, Senior Officer Margot Johnson sold 3,500 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of C$72.14, for a total transaction of C$252,490.00. 0.94% of the stock is owned by corporate insiders.

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.