Aritzia Inc (ATZ) Stock Price Down 5.8% on Insider Selling

Aritzia Inc (TSE:ATZ) shares were down 5.8% on Monday following insider selling activity. The company traded as low as C$12.91 and last traded at C$13.38. Approximately 541,164 shares changed hands during trading, an increase of 254% from the average daily volume of 152,900 shares. The stock had previously closed at C$14.20.

Specifically, insider David John Maciver sold 81,026 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of C$14.00, for a total transaction of C$1,134,364.00. Also, Director Jennifer Michelle Wong Neal acquired 10,000 shares of the stock in a transaction on Tuesday, August 22nd. The shares were bought at an average cost of C$12.65 per share, for a total transaction of C$126,500.00. Insiders have acquired 12,100 shares of company stock worth $152,580 in the last three months.

ATZ has been the topic of several recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$23.00 price target on shares of Aritzia in a research note on Tuesday, July 11th. TD Securities decreased their price target on Aritzia from C$23.00 to C$21.00 and set a “buy” rating on the stock in a research note on Friday. Canaccord Genuity decreased their price target on Aritzia from C$23.00 to C$21.00 and set a “buy” rating on the stock in a research note on Friday. Scotiabank decreased their price target on Aritzia from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Thursday, July 13th. Finally, Royal Bank Of Canada decreased their price target on Aritzia from C$23.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 28th. Eight equities research analysts have rated the stock with a buy rating, Aritzia presently has an average rating of “Buy” and a consensus price target of C$21.71.

The firm has a market capitalization of $1.48 billion and a price-to-earnings ratio of 93.57. The company’s 50 day moving average price is $14.15 and its 200 day moving average price is $14.15.

TRADEMARK VIOLATION NOTICE: This story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/09/aritzia-inc-atz-stock-price-down-5-8-on-insider-selling.html.

Aritzia Company Profile

Aritzia Inc operates a

Specifically, insider David John Maciver sold 81,026 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of C$14.00, for a total transaction of C$1,134,364.00. Also, Director Jennifer Michelle Wong Neal acquired 10,000 shares of the stock in a transaction on Tuesday, August 22nd. The shares were bought at an average cost of C$12.65 per share, for a total transaction of C$126,500.00. Insiders have acquired 12,100 shares of company stock worth $152,580 in the last three months.

ATZ has been the topic of several recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$23.00 price target on shares of Aritzia in a research note on Tuesday, July 11th. TD Securities decreased their price target on Aritzia from C$23.00 to C$21.00 and set a “buy” rating on the stock in a research note on Friday. Canaccord Genuity decreased their price target on Aritzia from C$23.00 to C$21.00 and set a “buy” rating on the stock in a research note on Friday. Scotiabank decreased their price target on Aritzia from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Thursday, July 13th. Finally, Royal Bank Of Canada decreased their price target on Aritzia from C$23.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 28th. Eight equities research analysts have rated the stock with a buy rating, Aritzia presently has an average rating of “Buy” and a consensus price target of C$21.71.

The firm has a market capitalization of $1.48 billion and a price-to-earnings ratio of 93.57. The company’s 50 day moving average price is $14.15 and its 200 day moving average price is $14.15.

TRADEMARK VIOLATION NOTICE: This story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/09/aritzia-inc-atz-stock-price-down-5-8-on-insider-selling.html.

Aritzia Company Profile

Aritzia Inc operates as a design house and fashion retailer of women’s apparel and accessories. It designs and sells blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, denim, outerwear, leggings, sweatshirts, bodysuits, rompers and jumpsuits, intimates, and active wear; and accessories, including hats, scarves, bags and pouches, socks and tights, belts, IPhone cases, and gloves.

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