UBS Group Trims Aritzia (TSE:ATZ) Target Price to C$38.00

Aritzia (TSE:ATZ) had its price objective reduced by UBS Group from C$41.00 to C$38.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

ATZ has been the topic of several other reports. BMO Capital Markets decreased their target price on shares of Aritzia from C$50.00 to C$37.00 in a report on Wednesday, July 12th. Stifel Nicolaus lowered their price objective on Aritzia from C$50.00 to C$40.00 in a research report on Wednesday, July 12th. Royal Bank of Canada cut their price objective on Aritzia from C$57.00 to C$46.00 and set a sector perform rating for the company in a research report on Thursday, July 13th. Canaccord Genuity Group decreased their target price on shares of Aritzia from C$50.00 to C$37.00 in a research report on Wednesday, July 12th. Finally, TD Securities downgraded shares of Aritzia from a buy rating to a hold rating and reduced their price target for the company from C$50.00 to C$32.00 in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of C$36.33.

Aritzia Stock Up 0.2 %

Shares of TSE ATZ opened at C$23.04 on Wednesday. The company’s 50-day simple moving average is C$25.24 and its 200-day simple moving average is C$34.04. Aritzia has a 52-week low of C$22.49 and a 52-week high of C$55.56. The firm has a market cap of C$2.08 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 1.19 and a beta of 1.56. The company has a quick ratio of 0.19, a current ratio of 1.38 and a debt-to-equity ratio of 102.55.

Aritzia (TSE:ATZ) last released its quarterly earnings data on Tuesday, July 11th. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.03). Aritzia had a net margin of 7.63% and a return on equity of 27.47%. The business had revenue of C$462.67 million during the quarter, compared to analyst estimates of C$457.35 million. Equities analysts predict that Aritzia will post 0.9108571 EPS for the current fiscal year.

Insider Transactions at Aritzia

In other news, Senior Officer Philippa (Pippa) Morgan sold 10,000 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of C$24.59, for a total transaction of C$245,900.00. Company insiders own 0.41% of the company’s stock.

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.