TD Securities downgraded shares of Aritzia (TSE:ATZ) from a buy rating to a hold rating in a research report sent to investors on Friday, BayStreet.CA reports. The firm currently has C$19.00 price objective on the stock, down from their previous price objective of C$21.00.
Several other analysts have also issued reports on the company. BMO Capital Markets restated an outperform rating and issued a C$21.00 price objective on shares of Aritzia in a research note on Friday, January 11th. Royal Bank of Canada upped their price objective on Aritzia from C$22.00 to C$23.00 and gave the company an outperform rating in a research note on Thursday, March 14th. Finally, Canaccord Genuity upped their price objective on Aritzia from C$21.00 to C$23.00 in a research note on Friday, March 22nd.
ATZ opened at C$18.17 on Friday. Aritzia has a 52-week low of C$12.79 and a 52-week high of C$19.79. The stock has a market cap of $1.94 billion and a P/E ratio of 27.45. The company has a debt-to-equity ratio of 21.18, a quick ratio of 1.05 and a current ratio of 2.09.
Aritzia Inc, together with its subsidiaries, operates as a design house and fashion retailer of women's apparel and accessories. The company designs and sells blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, denim, leggings, sweatshirts, bodysuits, puffers, jumpsuits, and intimates; and accessories, including hats, scarves, bags and pouches, socks and tights, belts, iPhone cases, and gloves.
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