Aritzia (TSE:ATZ) Price Target Lowered to C$1.20 at CIBC

Aritzia (TSE:ATZ) had its price target lowered by CIBC from C$1.80 to C$1.20 in a research note issued to investors on Friday morning,BayStreet.CA reports. The firm currently has an underperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity Group increased their target price on shares of Aritzia from C$62.00 to C$70.00 and gave the stock a “buy” rating in a research report on Sunday, January 12th. Stifel Nicolaus set a C$73.00 target price on shares of Aritzia and gave the stock a “buy” rating in a research report on Thursday. Raymond James increased their target price 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. Royal Bank of Canada increased their target price on shares of Aritzia from C$65.00 to C$73.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Finally, TD Securities raised their price target on shares of Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a report on Sunday, January 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Aritzia presently has an average rating of “Moderate Buy” and an average target price of C$62.52.

Aritzia Stock Up 0.3 %

ATZ stock opened at C$52.40 on Friday. Aritzia has a 12-month low of C$31.82 and a 12-month high of C$73.44. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The company has a market cap of C$6.25 billion, a price-to-earnings ratio of 46.04, a PEG ratio of 1.19 and a beta of 1.83. The company has a 50 day moving average of C$65.80 and a two-hundred day moving average of C$53.92.

Insider Buying and Selling

In other Aritzia news, Senior Officer Karen Kwan sold 29,966 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of C$65.96, for a total value of C$1,976,557.36. Also, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of C$68.50, for a total transaction of C$493,200.00. Insiders have sold 56,298 shares of company stock worth $3,801,028 in the last quarter. 0.94% of the stock is currently owned by company insiders.

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.