Aritzia (TSE:ATZ) Downgraded by Jefferies Financial Group to “Hold”

Aritzia (TSE:ATZ) was downgraded by equities researchers at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, BayStreet reports. They presently have a C$160.00 target price on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 9.48% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Royal Bank Of Canada increased their price target on Aritzia from C$193.00 to C$202.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Ventum Financial lifted their price objective on Aritzia from C$180.00 to C$186.00 and gave the company a “neutral” rating in a report on Friday, July 10th. BMO Capital Markets decreased their price objective on Aritzia from C$196.00 to C$191.00 and set an “outperform” rating for the company in a research report on Thursday, October 8th. National Bank Financial boosted their price objective on Aritzia from C$171.00 to C$175.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, TD lowered their target price on Aritzia from C$200.00 to C$175.00 and set a “buy” rating for the company in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$177.69.

Aritzia Trading Down 0.5%

Aritzia stock traded down C$0.77 during mid-day trading on Tuesday, hitting C$146.14. The stock had a trading volume of 649,862 shares, compared to its average volume of 699,928. The stock has a 50-day simple moving average of C$129.58 and a two-hundred day simple moving average of C$138.62. The company has a current ratio of 1.31, a quick ratio of 0.19 and a debt-to-equity ratio of 79.21. The stock has a market capitalization of C$16.55 billion, a PE ratio of 29.46, a P/E/G ratio of 1.19 and a beta of 2.18. Aritzia has a 12 month low of C$84.69 and a 12 month high of C$174.52.

Aritzia (TSE:ATZ) last issued its earnings results on Thursday, October 8th. The company reported C$1.31 EPS for the quarter. Aritzia had a net margin of 13.62% and a return on equity of 42.25%. The company had revenue of C$1.17 billion during the quarter. As a group, sell-side analysts forecast that Aritzia will post 1.78 EPS for the current year.

About Aritzia

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. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.