Aritzia (TSE:ATZ) Sets New 1-Year High – What’s Next?

Aritzia Inc. (TSE:ATZ) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$73.00 and last traded at C$71.69, with a volume of 650282 shares traded. The stock had previously closed at C$71.17.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ATZ. CIBC raised their price target on Aritzia from C$63.00 to C$75.00 and gave the company an “outperform” rating in a research note on Sunday, January 12th. TD Securities boosted their price target on shares of Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a 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 company an “outperform” rating in a research note on Thursday, January 9th. Canaccord Genuity Group upped their target price on Aritzia from C$62.00 to C$70.00 and gave the stock a “buy” rating in a report on Sunday, January 12th. Finally, 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, January 13th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Aritzia presently has a consensus rating of “Moderate Buy” and an average price target of C$66.56.

Aritzia Stock Performance

The firm has a market cap of C$6.49 billion, a price-to-earnings ratio of 104.00, a P/E/G ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19. The firm has a fifty day simple moving average of C$55.95 and a two-hundred day simple moving average of C$49.27.

Insider Buying and Selling

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 3,023 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$70.10, for a total transaction of C$211,912.30. Also, Director Jennifer Wong sold 12,609 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of C$68.75, for a total value of C$866,868.75. Insiders sold 130,098 shares of company stock worth $7,114,338 in the last three months. Corporate insiders own 0.94% of the company’s stock.

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.