Aritzia (TSE:ATZ) Sets New 12-Month High – What’s Next?

Aritzia Inc. (TSE:ATZ) hit a new 52-week high during trading on Thursday . The company traded as high as C$68.57 and last traded at C$68.48, with a volume of 553749 shares changing hands. The stock had previously closed at C$65.87.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. TD Securities increased their target price on shares of Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a research report on Sunday, January 12th. BMO Capital Markets raised 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 raised their target price on shares of Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a report on Sunday, January 12th. Royal Bank of Canada raised their price objective on shares of Aritzia from C$65.00 to C$73.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Finally, CIBC raised their price objective on shares of Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a report on Sunday, January 12th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Aritzia currently has a consensus rating of “Moderate Buy” and an average price target of C$66.56.

Aritzia Stock Performance

The company has a market capitalization of C$6.23 billion, a PE ratio of 99.79, a PEG 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. The company has a 50 day moving average price of C$51.98 and a 200 day moving average price of C$47.51.

Insiders Place Their Bets

In related news, Senior Officer Karen Kwan sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of C$46.00, for a total transaction of C$230,000.00. Also, Director Jennifer Wong sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$46.00, for a total value of C$920,000.00. Insiders have sold 119,875 shares of company stock valued at $6,409,226 over the last three months. Company insiders own 0.94% of the company’s stock.

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.