Aritzia (TSE:ATZ) Cut to “Market Perform” at Raymond James

Raymond James cut shares of Aritzia (TSE:ATZ) from an outperform rating to a market perform rating in a research report sent to investors on Tuesday, Marketbeat.com reports. They currently have C$58.00 price target on the stock, up from their previous price target of C$52.50.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus raised their price objective on shares of Aritzia from C$58.00 to C$66.00 in a research note on Tuesday. Canaccord Genuity Group raised their price target on Aritzia from C$56.00 to C$62.00 in a research report on Monday. TD Securities upped their price objective on Aritzia from C$58.00 to C$68.00 in a research report on Monday. CIBC lifted their price objective on Aritzia from C$60.00 to C$63.00 in a research report on Monday. Finally, Royal Bank of Canada upped their target price on shares of Aritzia from C$56.00 to C$65.00 in a report on Tuesday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$61.44.

Aritzia Stock Performance

TSE:ATZ opened at C$56.99 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. Aritzia has a fifty-two week low of C$26.13 and a fifty-two week high of C$59.18. The firm’s fifty day simple moving average is C$49.09 and its 200-day simple moving average is C$46.20. The stock has a market cap of C$5.23 billion, a PE ratio of 83.81, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last posted its 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). Aritzia had a return on equity of 9.84% and a net margin of 3.26%. The firm had revenue of C$615.66 million for the quarter, compared to analysts’ expectations of C$581.10 million. Analysts expect that Aritzia will post 1.7771148 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of Aritzia stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$46.00, for a total transaction of C$920,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total transaction of C$174,800.00. Over the last three months, insiders have sold 77,300 shares of company stock valued at $3,565,800. Insiders own 0.94% of the company’s stock.

About Aritzia

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.