Aritzia (TSE:ATZ) Reaches New 12-Month High – Time to Buy?

Aritzia Inc. (TSE:ATZ)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$117.60 and last traded at C$115.23, with a volume of 319572 shares trading hands. The stock had previously closed at C$110.25.

Analyst Upgrades and Downgrades

ATZ has been the subject of a number of analyst reports. Jefferies Financial Group increased their price objective on Aritzia from C$87.00 to C$92.00 in a research note on Friday, October 10th. Wells Fargo & Company set a C$110.00 price target on shares of Aritzia and gave the company an “equal weight” rating in a research report on Friday, December 12th. Truist Financial upped their target price on Aritzia from C$102.00 to C$116.00 in a report on Thursday, October 30th. Stifel Nicolaus increased their target price on Aritzia from C$96.00 to C$100.00 in a research report on Friday, October 10th. Finally, Canaccord Genuity Group decreased their target price on shares of Aritzia from C$95.00 to C$93.00 in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Aritzia presently has a consensus rating of “Buy” and a consensus price target of C$97.25.

Aritzia Stock Performance

The business’s fifty day moving average is C$101.04 and its two-hundred day moving average is C$84.99. The stock has a market capitalization of C$13.29 billion, a PE ratio of 48.02, a price-to-earnings-growth ratio of 1.19 and a beta of 1.97. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51.

Aritzia (TSE:ATZ) last issued its quarterly earnings data on Thursday, October 9th. The company reported C$0.59 earnings per share for the quarter. The company had revenue of C$812.05 million for the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%. As a group, research analysts anticipate that Aritzia Inc. will post 1.7771148 EPS for the current fiscal year.

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.