Aritzia (TSE:ATZ) Given New C$58.00 Price Target at TD Securities

Aritzia (TSE:ATZ) had its price target dropped by equities researchers at TD Securities from C$60.00 to C$58.00 in a note issued to investors on Friday, BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 24.41% from the stock’s current price.

A number of other analysts have also recently commented on the stock. Royal Bank of Canada lifted their target price on shares of Aritzia from C$47.00 to C$56.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 2nd. CIBC lifted their price objective on shares of Aritzia from C$41.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. UBS Group upped their target price on Aritzia from C$53.00 to C$54.00 in a research report on Friday, July 12th. BMO Capital Markets lifted their price target on Aritzia from C$50.00 to C$52.00 in a research report on Friday, July 12th. Finally, Raymond James raised their target price on shares of Aritzia from C$43.00 to C$48.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$55.38.

Aritzia Stock Down 6.8 %

Shares of ATZ stock traded down C$3.40 during trading hours on Friday, reaching C$46.62. 1,003,299 shares of the company’s stock were exchanged, compared to its average volume of 354,610. 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$4.28 billion, a price-to-earnings ratio of 68.46, a P/E/G ratio of 1.19 and a beta of 1.83. Aritzia has a fifty-two week low of C$20.67 and a fifty-two week high of C$51.80. The stock’s 50 day moving average is C$46.51 and its 200-day moving average is C$40.65.

Aritzia (TSE:ATZ) last released its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 EPS for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The business had revenue of C$615.66 million during 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%. Analysts predict that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jennifer Wong sold 11,800 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of C$47.75, for a total transaction of C$563,450.00. In related news, Director Jennifer Wong sold 11,800 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total transaction of C$563,450.00. Also, Senior Officer Karen Kwan sold 10,000 shares of Aritzia stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total value of C$477,000.00. 0.94% of the stock is currently owned by company 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.