Aritzia (TSE:ATZ) Reaches New 52-Week High – Still a Buy?

Aritzia Inc. (TSE:ATZ)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$69.68 and last traded at C$69.32, with a volume of 586014 shares. The stock had previously closed at C$68.50.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ATZ. Raymond James upped 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, January 13th. TD Securities upped their price objective on shares of Aritzia from C$68.00 to C$75.00 and gave the stock a “buy” rating in a research report on Sunday, January 12th. BMO Capital Markets increased their price objective on shares of Aritzia from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Stifel Nicolaus boosted their target price on shares of Aritzia from C$66.00 to C$70.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada increased their price target on shares of Aritzia from C$65.00 to C$73.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$66.56.

Aritzia Stock Up 1.2 %

The firm’s fifty day moving average is C$53.41 and its 200-day moving average is C$48.14. The company has a market capitalization of C$6.41 billion, a P/E ratio of 102.68, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40.

Insiders Place Their Bets

In other news, Senior Officer Karen Kwan sold 29,966 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of C$65.96, for a total value of C$1,976,557.36. Also, Senior Officer Philippa (Pippa) Morgan sold 3,023 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of C$70.10, for a total transaction of C$211,912.30. Over the last quarter, insiders have sold 130,098 shares of company stock valued at $7,114,338. 0.94% of the stock is currently owned by insiders.

About Aritzia

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.