Aritzia (TSE:ATZ – Free Report) had its price target trimmed by CIBC from C$1.80 to C$1.20 in a research report released on Friday morning,BayStreet.CA reports. The firm currently has an underperform rating on the stock.
Several other brokerages also recently commented on ATZ. Royal Bank of Canada lifted their target price on Aritzia from C$65.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Canaccord Genuity Group upped their price objective on shares of Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a report on Sunday, January 12th. TD Securities upped their price target on shares of Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a research note on Sunday, January 12th. Raymond James raised their price target on shares of Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. Finally, Stifel Nicolaus set a C$73.00 price objective on Aritzia and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$62.52.
Check Out Our Latest Report on Aritzia
Aritzia Trading Up 0.3 %
Insider Transactions at Aritzia
In related news, Senior Officer Margot Johnson sold 3,500 shares of Aritzia 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. Also, Senior Officer Karen Kwan sold 29,966 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of C$65.96, for a total transaction of C$1,976,557.36. Over the last 90 days, insiders have 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.
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