Aritzia (TSE:ATZ) Sets New 12-Month Low – Should You Sell?

Shares of Aritzia Inc. (TSE:ATZ) hit a new 52-week low during trading on Monday . The company traded as low as C$0.01 and last traded at C$66.98, with a volume of 163599 shares trading hands. The stock had previously closed at C$66.64.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ATZ shares. TD Securities raised their price objective on Aritzia from C$68.00 to C$75.00 and gave the stock a “buy” rating in a research report on Sunday, January 12th. Stifel Nicolaus lifted their target price on Aritzia from C$66.00 to C$70.00 and gave the stock a “buy” rating in a report on Monday, January 13th. BMO Capital Markets increased their price target on Aritzia from C$68.00 to C$80.00 in a report on Friday, February 14th. Desjardins set a C$82.00 price objective on shares of Aritzia and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, Raymond James boosted their target price on shares of Aritzia from C$58.00 to C$65.00 and gave the company a “market perform” rating in a research 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 stock. According to MarketBeat.com, Aritzia has a consensus rating of “Moderate Buy” and a consensus price target of C$69.60.

Aritzia Trading Up 1.2 %

The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The firm’s 50-day moving average price is C$64.91 and its 200 day moving average price is C$53.06. The company has a market capitalization of C$8.05 billion, a P/E ratio of 59.28, a P/E/G ratio of 1.19 and a beta of 1.83.

Insider Activity at Aritzia

In other news, Senior Officer Margot Johnson sold 3,500 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of C$72.14, for a total transaction of C$252,490.00. Also, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of C$68.50, for a total transaction of C$493,200.00. In the last three months, insiders sold 56,298 shares of company stock valued at $3,801,028. 0.94% of the stock is owned by insiders.

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.