TD Securities Issues Pessimistic Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ - Free Report) had its price target lowered by TD Securities from C$75.00 to C$74.00 in a research report report published on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other analysts have also issued reports on ATZ. BMO Capital Markets increased their target price on Aritzia from C$68.00 to C$80.00 in a report on Friday, February 14th. CIBC cut their price target on shares of Aritzia from C$1.80 to C$1.20 and set an "underperform" rating for the company in a report on Friday, March 14th. Stifel Nicolaus set a C$73.00 price objective on shares of Aritzia and gave the company a "buy" rating in a research note on Thursday, March 13th. Raymond James raised their target price on shares of Aritzia from C$58.00 to C$65.00 and gave the company a "market perform" rating in a research report on Monday, January 13th. Finally, Canaccord Genuity Group boosted their price target on Aritzia from C$62.00 to C$70.00 and gave the stock a "buy" rating in a report on Sunday, January 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$62.42.

Aritzia Stock Performance

TSE ATZ traded down C$1.00 on Friday, reaching C$53.69. The stock had a trading volume of 318,923 shares, compared to its average volume of 699,730. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The company has a market cap of C$6.40 billion, a P/E ratio of 47.17, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The firm has a fifty day moving average of C$64.89 and a two-hundred day moving average of C$54.33. Aritzia has a 1-year low of C$31.82 and a 1-year high of C$73.44.

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Insiders Place Their Bets

In other news, Director Jennifer Wong sold 12,609 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of C$68.75, for a total transaction of C$866,868.75. Also, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of the business's stock in a transaction on Friday, January 17th. The shares were sold at an average price of C$68.50, for a total transaction of C$493,200.00. In the last ninety days, insiders sold 56,298 shares of company stock worth $3,801,028. 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.