Aritzia (TSE:ATZ) Downgraded to Market Perform Rating by Raymond James

Aritzia (TSE:ATZ - Get Free Report) was downgraded by equities research analysts at Raymond James from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. They currently have a C$58.00 price target on the stock, up from their previous price target of C$52.50. Raymond James' target price indicates a potential upside of 1.92% from the stock's current price.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada increased their target price on Aritzia from C$56.00 to C$65.00 in a research note on Tuesday. CIBC raised their price objective on Aritzia from C$60.00 to C$63.00 in a research note on Monday. BMO Capital Markets raised their price objective on Aritzia from C$57.00 to C$60.00 in a research note on Thursday, December 19th. Stifel Nicolaus lifted their target price on Aritzia from C$58.00 to C$66.00 in a research note on Tuesday. Finally, TD Securities lifted their price objective on Aritzia from C$58.00 to C$68.00 in a research note on Monday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Aritzia has an average rating of "Moderate Buy" and an average price target of C$60.89.

Aritzia Price Performance

Shares of TSE ATZ traded down C$1.26 during midday trading on Tuesday, hitting C$56.91. 481,664 shares of the company's stock were exchanged, compared to its average volume of 653,031. Aritzia has a 12-month low of C$24.96 and a 12-month high of C$59.18. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. The company has a market cap of C$5.23 billion, a price-to-earnings ratio of 83.69, a PEG ratio of 1.19 and a beta of 1.83. The business's fifty day moving average price is C$48.53 and its two-hundred day moving average price is C$46.05.

Aritzia (TSE:ATZ - Get Free Report) last released its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing analysts' consensus estimates of C$0.13 by C($0.02). The company had revenue of C$615.66 million for the quarter, compared to analysts' expectations of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. As a group, research analysts forecast that Aritzia will post 1.7771148 EPS for the current fiscal year.

Insider Activity at Aritzia

In other news, Senior Officer Karen Kwan sold 3,800 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total transaction of C$174,800.00. Also, Director Jennifer Wong sold 2,000 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$46.00, for a total value of C$92,000.00. Over the last 90 days, insiders sold 77,300 shares of company stock valued at $3,565,800. 0.94% of the stock is currently owned by insiders.

Aritzia Company Profile

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.