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

Aritzia Inc. (TSE:ATZ)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$69.68 and last traded at C$69.32, with a volume of 586014 shares changing hands. The stock had previously closed at C$68.50.

Analysts Set New Price Targets

A number of research firms recently commented on ATZ. Raymond James increased their price objective on Aritzia from C$58.00 to C$65.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Canaccord Genuity Group lifted their price target on shares of Aritzia from C$62.00 to C$70.00 and gave the stock a “buy” rating in a report on Sunday, January 12th. CIBC boosted their price objective on shares of Aritzia from C$63.00 to C$75.00 and gave the company an “outperform” rating in a research report on Sunday, January 12th. Stifel Nicolaus raised their target price on shares of Aritzia from C$66.00 to C$70.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada boosted their price target on Aritzia from C$65.00 to C$73.00 and gave the company an “outperform” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$66.56.

Aritzia Stock Performance

The stock’s fifty day simple moving average is C$52.46 and its two-hundred day simple moving average is C$47.85. The company has a market cap of C$6.37 billion, a price-to-earnings ratio of 101.94, a price-to-earnings-growth 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.

Insider Activity at Aritzia

In other Aritzia news, Senior Officer Karen Kwan sold 3,800 shares of Aritzia stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total transaction of C$174,800.00. Also, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of C$68.50, for a total transaction of C$493,200.00. Over the last 90 days, insiders have sold 127,075 shares of company stock worth $6,902,426. 0.94% of the stock is owned by insiders.

Aritzia Company Profile

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.