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

Aritzia (TSE:ATZ) had its price target cut by Raymond James from C$46.00 to C$43.00 in a research report sent to investors on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. Canaccord Genuity Group boosted their target price on shares of Aritzia from C$38.00 to C$40.00 and gave the stock a buy rating in a research report on Friday. TD Securities lowered their target price on shares of Aritzia from C$45.00 to C$43.00 and set a buy rating on the stock in a research report on Friday. UBS Group lifted their price target on shares of Aritzia from C$39.00 to C$50.00 in a research report on Thursday, February 8th. BMO Capital Markets upgraded Aritzia from a market perform rating to an outperform rating and upped their price target for the stock from C$41.00 to C$50.00 in a report on Friday. Finally, CIBC lifted their price objective on Aritzia from C$37.00 to C$41.00 and gave the stock an outperform rating in a report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of C$41.60.

Aritzia Stock Down 0.9 %

Aritzia stock opened at C$35.82 on Friday. The stock’s 50 day moving average price is C$35.50 and its 200 day moving average price is C$31.08. Aritzia has a 1-year low of C$20.67 and a 1-year high of C$41.25. The company has a market cap of C$3.22 billion, a PE ratio of 44.22, a price-to-earnings-growth ratio of 1.19 and a beta of 1.85. The company has a debt-to-equity ratio of 103.38, a current ratio of 1.32 and a quick ratio of 0.19.

Insider Buying and Selling

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of C$40.44, for a total transaction of C$63,409.92. Insiders own 0.55% of the company’s stock.

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.