Aritzia (TSE:ATZ) Trading Down 6.2% After Analyst Downgrade

Shares of Aritzia Inc. (TSE:ATZ) fell 6.2% during mid-day trading on Friday after Raymond James lowered their price target on the stock from C$46.00 to C$43.00. Raymond James currently has an outperform rating on the stock. Aritzia traded as low as C$31.82 and last traded at C$33.90. 554,742 shares were traded during trading, an increase of 46% from the average session volume of 380,748 shares. The stock had previously closed at C$36.13.

Several other equities research analysts also recently issued reports on ATZ. BMO Capital Markets raised shares of Aritzia from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$41.00 to C$50.00 in a research report on Friday. CIBC increased their target price on shares of Aritzia from C$37.00 to C$41.00 and gave the stock an “outperform” rating in a report on Friday. Stifel Nicolaus increased their target price on shares of Aritzia from C$34.00 to C$42.00 in a report on Wednesday, April 3rd. Canaccord Genuity Group increased their target price on shares of Aritzia from C$38.00 to C$40.00 and gave the stock a “buy” rating in a report on Friday. Finally, UBS Group increased their target price on shares of Aritzia from C$39.00 to C$50.00 in a report on Thursday, February 8th. 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$41.60.

Insider Buying and Selling at Aritzia

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$40.44, for a total value of C$63,409.92. Insiders own 0.55% of the company’s stock.

Aritzia Trading Down 0.9 %

The business’s 50 day moving average price is C$35.52 and its two-hundred day moving average price is C$30.91. The company has a current ratio of 1.32, a quick ratio of 0.19 and a debt-to-equity ratio of 103.38. The company has a market capitalization of C$3.22 billion, a price-to-earnings ratio of 43.65, a P/E/G ratio of 1.19 and a beta of 1.85.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.