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

Aritzia (TSE:ATZ) had its price target decreased by CIBC from C$1.80 to C$1.20 in a report published on Friday,BayStreet.CA reports. CIBC currently has an underperform rating on the stock.

Several other brokerages have also commented on ATZ. Canaccord Genuity Group raised their price target on shares of Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a research note on Sunday, January 12th. TD Securities increased their price objective 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. Stifel Nicolaus set a C$73.00 price objective on shares of Aritzia and gave the company a “buy” rating in a report on Thursday. Royal Bank of Canada increased their price objective on shares of Aritzia from C$65.00 to C$73.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Finally, Raymond James increased their price objective on shares of Aritzia from C$58.00 to C$65.00 and gave the company a “market perform” rating in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Aritzia has a consensus rating of “Moderate Buy” and a consensus price target of C$62.52.

Aritzia Price Performance

Shares of TSE:ATZ opened at C$52.40 on Friday. The firm’s 50 day moving average is C$65.80 and its two-hundred day moving average is C$53.92. Aritzia has a 52 week low of C$31.82 and a 52 week high of C$73.44. The firm has a market capitalization of C$6.25 billion, a P/E ratio of 46.04, a PEG ratio of 1.19 and a beta of 1.83. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51.

Insider Buying and Selling

In related news, Senior Officer Todd Jeremy Ingledew sold 7,200 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$68.50, for a total value of C$493,200.00. Also, Senior Officer Karen Kwan sold 29,966 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of C$65.96, for a total transaction of C$1,976,557.36. Over the last ninety days, insiders sold 56,298 shares of company stock worth $3,801,028. Corporate insiders own 0.94% of the company’s stock.

Aritzia Company Profile

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.