Aritzia (TSE:ATZ) Hits New 1-Year High – Here’s What Happened

Shares of Aritzia Inc. (TSE:ATZ) reached a new 52-week high during trading on Friday . The company traded as high as C$55.63 and last traded at C$55.60, with a volume of 83993 shares. The stock had previously closed at C$53.76.

Analysts Set New Price Targets

Several research analysts recently weighed in on ATZ shares. Royal Bank of Canada raised Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. CIBC raised their price objective on Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th. BMO Capital Markets boosted their target price on Aritzia from C$57.00 to C$60.00 in a report on Thursday, December 19th. TD Securities cut their price target on shares of Aritzia from C$60.00 to C$58.00 in a report on Friday, October 11th. Finally, Stifel Nicolaus lifted their price target on shares of Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$55.75.

Aritzia Price Performance

The company has a market cap of C$5.19 billion, a price-to-earnings ratio of 83.04, a P/E/G ratio of 1.19 and a beta of 1.83. The company’s 50-day simple moving average is C$47.98 and its 200-day simple moving average is C$45.64. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19.

Aritzia (TSE:ATZ) last released its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). Aritzia had a net margin of 3.26% and a return on equity of 9.84%. The firm had revenue of C$615.66 million for the quarter, compared to analyst estimates of C$581.10 million. On average, equities research analysts anticipate that Aritzia Inc. will post 1.7771148 EPS for the current year.

Insider Transactions at Aritzia

In related news, Senior Officer Karen Kwan sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of C$46.00, for a total value of C$230,000.00. Also, Director Jennifer Wong sold 20,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. Over the last ninety days, insiders have sold 77,300 shares of company stock valued at $3,565,800. 0.94% of the stock is currently owned by 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.