BMO Capital Markets Issues Pessimistic Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its price objective lowered by investment analysts at BMO Capital Markets from C$80.00 to C$74.00 in a research note issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 77.50% from the company’s current price.

A number of other brokerages have also issued reports on ATZ. CIBC cut their target price on Aritzia from C$75.00 to C$57.00 in a research report on Thursday. TD Securities lowered their target price on Aritzia from C$75.00 to C$74.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Raymond James increased their price target on Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. Canaccord Genuity Group raised their target price 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. Finally, Royal Bank of Canada increased their price target on Aritzia from C$65.00 to C$73.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$67.40.

Aritzia Trading Down 0.3 %

Shares of ATZ stock traded down C$0.11 during mid-day trading on Thursday, reaching C$41.69. The company’s stock had a trading volume of 398,866 shares, compared to its average volume of 760,655. The company’s 50 day simple moving average is C$55.86 and its 200-day simple moving average is C$54.04. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. Aritzia has a 12-month low of C$31.82 and a 12-month high of C$73.44. The firm has a market capitalization of C$4.97 billion, a PE ratio of 36.63, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83.

Insiders Place Their Bets

In other news, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of the company’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. Also, Senior Officer Margot Johnson sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of C$72.14, for a total transaction of C$252,490.00. Insiders sold a total of 26,332 shares of company stock valued at $1,824,471 in the last quarter. 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.