Aritzia (TSE:ATZ) Sets New 12-Month High – Still a Buy?

Shares of Aritzia Inc. (TSE:ATZ) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$174.19 and last traded at C$174.12, with a volume of 40149 shares trading hands. The stock had previously closed at C$168.52.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ATZ. Canaccord Genuity Group boosted their target price on shares of Aritzia from C$166.00 to C$182.00 and gave the company a “buy” rating in a research note on Friday, May 8th. BMO Capital Markets boosted their target price on shares of Aritzia from C$163.00 to C$188.00 in a research note on Friday, May 8th. National Bank Financial boosted their target price on shares of Aritzia from C$143.00 to C$171.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Desjardins boosted their target price on shares of Aritzia from C$148.00 to C$175.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Truist Financial boosted their target price on shares of Aritzia from C$164.00 to C$185.00 in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Aritzia currently has an average rating of “Buy” and a consensus price target of C$174.08.

Aritzia Price Performance

The company has a market cap of C$19.59 billion, a P/E ratio of 53.43, a P/E/G ratio of 1.19 and a beta of 2.01. The company has a debt-to-equity ratio of 73.16, a quick ratio of 0.19 and a current ratio of 1.43. The firm’s fifty day moving average is C$142.59 and its two-hundred day moving average is C$125.85.

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.