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

Shares of Aritzia Inc. (TSE:ATZ) hit a new 52-week high during trading on Friday . The stock traded as high as C$144.00 and last traded at C$143.58, with a volume of 306409 shares changing hands. The stock had previously closed at C$143.37.

Analyst Upgrades and Downgrades

ATZ has been the subject of several analyst reports. Desjardins increased their target price on shares of Aritzia from C$125.00 to C$133.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Canaccord Genuity Group increased their target price on shares of Aritzia from C$135.00 to C$164.00 and gave the company a “buy” rating in a report on Friday, January 9th. Royal Bank Of Canada increased their target price on shares of Aritzia from C$116.00 to C$150.00 and gave the company an “outperform” rating in a report on Friday, January 9th. National Bank Financial set a C$143.00 target price on shares of Aritzia and gave the company an “outperform” rating in a report on Thursday, April 9th. Finally, Truist Financial increased their target price on shares of Aritzia from C$116.00 to C$157.00 in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$148.42.

Aritzia Price Performance

The business’s fifty day moving average is C$122.40 and its 200-day moving average is C$114.66. The company has a debt-to-equity ratio of 77.42, a current ratio of 1.44 and a quick ratio of 0.19. The firm has a market cap of C$16.95 billion, a PE ratio of 49.97, a P/E/G ratio of 1.19 and a beta of 1.95.

About Aritzia

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.