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

Aritzia Inc. (TSE:ATZ)’s stock price reached a new 52-week high on Monday . The stock traded as high as C$51.87 and last traded at C$51.78, with a volume of 170678 shares trading hands. The stock had previously closed at C$50.38.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ATZ. TD Securities lowered their price target on shares of Aritzia from C$60.00 to C$58.00 in a report on Friday, October 11th. Royal Bank of Canada raised shares of Aritzia from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 31st. CIBC raised their target price on Aritzia from C$47.00 to C$60.00 in a research report on Friday, October 11th. Stifel Nicolaus upped their price target on Aritzia from C$50.00 to C$58.00 in a report on Friday, October 11th. Finally, BMO Capital Markets increased their price target on Aritzia from C$52.00 to C$57.00 in a research report on Friday, October 11th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$55.38.

Aritzia Stock Performance

The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. The firm has a market cap of C$4.66 billion, a PE ratio of 74.60, a P/E/G ratio of 1.19 and a beta of 1.83. The firm has a 50-day moving average price of C$46.53 and a two-hundred day moving average price of C$44.21.

Aritzia (TSE:ATZ) last announced its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.02). The business had revenue of C$615.66 million during the quarter, compared to analyst estimates of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. Research analysts forecast that Aritzia Inc. will post 1.7771148 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jennifer Wong sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. Also, Senior Officer Karen Kwan sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of C$46.00, for a total value of C$230,000.00. Insiders sold 77,300 shares of company stock worth $3,565,800 over the last 90 days. 0.94% of the stock is owned by insiders.

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.