Aritzia (TSE:ATZ) Lowered to “Market Perform” Rating by Raymond James

Raymond James lowered shares of Aritzia (TSE:ATZ) from an outperform rating to a market perform rating in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. They currently have C$58.00 price objective on the stock, up from their prior price objective of C$52.50.

A number of other equities analysts have also issued reports on ATZ. Stifel Nicolaus upped their target price on Aritzia from C$58.00 to C$66.00 in a research report on Tuesday. TD Securities increased their price target on shares of Aritzia from C$58.00 to C$68.00 in a research report on Monday. CIBC boosted their price objective on Aritzia from C$60.00 to C$63.00 in a report on Monday. Canaccord Genuity Group upped their price objective on Aritzia from C$56.00 to C$62.00 in a research note on Monday. Finally, Royal Bank of Canada lifted their target price on Aritzia from C$56.00 to C$65.00 in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Aritzia currently has an average rating of “Moderate Buy” and an average target price of C$61.44.

Aritzia Stock Performance

Aritzia stock opened at C$56.99 on Tuesday. Aritzia has a 12-month low of C$26.13 and a 12-month high of C$59.18. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19. The company has a market capitalization of C$5.23 billion, a price-to-earnings ratio of 83.81, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The firm’s fifty day moving average price is C$49.09 and its 200 day moving average price is C$46.20.

Aritzia (TSE:ATZ) last announced its earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The business had revenue of C$615.66 million for the quarter, compared to analysts’ expectations of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. On average, research analysts forecast that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insider Buying and Selling at Aritzia

In related news, Director Jennifer Wong sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of C$46.50, for a total transaction of C$930,000.00. Also, Senior Officer Karen Kwan sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of C$46.00, for a total value of C$299,000.00. Insiders sold 77,300 shares of company stock valued at $3,565,800 in the last ninety days. Company insiders own 0.94% of the company’s stock.

About Aritzia

Aritzia Inc, together with its subsidiaries, designs, develops, and sells apparels and accessories for women in the United States and Canada. The company offers activewear, blazers and suiting, bodysuits, denim, dresses, jackets and coats, jumpsuits and rompers, leggings and bike shorts, pants, shirts and blouses, shorts, skirts, sweaters, and sweatpants, sweatshirts, hoodies, and sweats, as well as t-shirts, tops, intimates, bra tops, leaotards.