Aritzia (TSE:ATZ) Sets New 52-Week High on Analyst Upgrade

Aritzia Inc. (TSE:ATZ)’s share price hit a new 52-week high during mid-day trading on Wednesday after Raymond James Financial raised their price target on the stock from C$100.00 to C$110.00. Raymond James Financial currently has an outperform rating on the stock. Aritzia traded as high as C$97.22 and last traded at C$96.86, with a volume of 336145 shares. The stock had previously closed at C$96.19.

ATZ has been the topic of a number of other research reports. Stifel Nicolaus boosted their price target on Aritzia from C$96.00 to C$100.00 in a research note on Friday, October 10th. Jefferies Financial Group lifted their target price on shares of Aritzia from C$87.00 to C$92.00 in a research note on Friday, October 10th. Truist Financial boosted their target price on shares of Aritzia from C$95.00 to C$102.00 in a research report on Friday, October 10th. Royal Bank Of Canada raised their price target on shares of Aritzia from C$85.00 to C$94.00 in a report on Sunday, July 13th. Finally, TD Securities lifted their price objective on shares of Aritzia from C$81.00 to C$93.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$94.82.

Aritzia Price Performance

The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. The stock has a 50-day moving average price of C$85.90 and a 200 day moving average price of C$72.91. The stock has a market capitalization of C$11.30 billion, a price-to-earnings ratio of 40.85, a PEG ratio of 1.19 and a beta of 1.89.

Aritzia Company Profile

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories.