Aritzia (TSE:ATZ) Hits New 1-Year High – Still a Buy?

Aritzia Inc. (TSE:ATZ)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$155.05 and last traded at C$152.11, with a volume of 221783 shares traded. The stock had previously closed at C$150.90.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ATZ shares. Truist Financial raised their price target on shares of Aritzia from C$164.00 to C$185.00 in a report on Friday, May 8th. Canadian Imperial Bank of Commerce raised their price target on shares of Aritzia from C$155.00 to C$171.00 in a report on Sunday, May 10th. National Bank Financial raised their price target on shares of Aritzia from C$143.00 to C$171.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Wells Fargo & Company raised their price target on shares of Aritzia from C$110.00 to C$140.00 in a report on Wednesday, April 29th. Finally, Raymond James Financial raised their price target on shares of Aritzia from C$155.00 to C$200.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$174.08.

Aritzia Price Performance

The company has a quick ratio of 0.19, a current ratio of 1.43 and a debt-to-equity ratio of 73.16. The firm has a market capitalization of C$17.76 billion, a PE ratio of 48.44, a PEG ratio of 1.19 and a beta of 2.11. The firm’s fifty day simple moving average is C$131.75 and its 200-day simple moving average is C$121.20.

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. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.