Aritzia (TSE:ATZ) Reaches New 1-Year High – Here’s Why

Aritzia Inc. (TSE:ATZ) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$68.57 and last traded at C$68.48, with a volume of 553749 shares traded. The stock had previously closed at C$65.87.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. CIBC upped their price target on shares of Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Sunday. Stifel Nicolaus upped their target price on shares of Aritzia from C$66.00 to C$70.00 and gave the stock a “buy” rating in a research report on Monday. Royal Bank of Canada lifted their price target on Aritzia from C$65.00 to C$73.00 and gave the company an “outperform” rating in a report on Monday. TD Securities boosted their price objective on Aritzia from C$68.00 to C$75.00 and gave the stock a “buy” rating in a research report on Sunday. Finally, Raymond James raised their target price on Aritzia from C$58.00 to C$65.00 and gave the company a “market perform” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$66.56.

Aritzia Trading Up 4.2 %

The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. The company has a market capitalization of C$6.30 billion, a price-to-earnings ratio of 100.94, a PEG ratio of 1.19 and a beta of 1.83. The firm has a 50-day moving average price of C$51.06 and a 200-day moving average price of C$47.08.

Insider Buying and Selling

In other news, Director Jennifer Wong sold 20,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. Also, Senior Officer Karen Kwan sold 6,500 shares of Aritzia stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of C$46.00, for a total value of C$299,000.00. Insiders have sold 77,300 shares of company stock worth $3,565,800 in the last ninety days. 0.94% of the stock is currently owned by corporate insiders.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs, develops, and sells apparels and accessories for women in the United States and Canada. The company offers activewear, blazers and suiting, bodysuits, denim, dresses, jackets and coats, jumpsuits and rompers, leggings and bike shorts, pants, shirts and blouses, shorts, skirts, sweaters, and sweatpants, sweatshirts, hoodies, and sweats, as well as t-shirts, tops, intimates, bra tops, leaotards.