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

Aritzia Inc. (TSE:ATZ) reached a new 52-week high on Thursday . The stock traded as high as C$148.97 and last traded at C$148.09, with a volume of 2002423 shares trading hands. The stock had previously closed at C$141.15.

Trending Headlines about Aritzia

Here are the key news stories impacting Aritzia this week:

• Positive Sentiment: Aritzia reported Q4 profit that rose 35% year over year, with net revenue up almost 33%, signaling strong demand and healthy operating momentum. Aritzia’s Q4 profit spikes 35% from last year, net revenue up almost 33%
• Positive Sentiment: Multiple brokerages raised their price targets and maintained or reiterated buy ratings, including TD, BMO Capital Markets, Canaccord Genuity, Desjardins, Stifel, and Truist, suggesting analysts see further upside after the earnings beat. Analyst price target updates
• Positive Sentiment: New targets now cluster well above the recent share price, with several firms calling for C$175 to C$188 per share, reinforcing a bullish outlook for Aritzia’s growth and valuation. BMO price target update
• Neutral Sentiment: Coverage sources also noted that Aritzia now carries a consensus “Buy” recommendation from analysts, which supports sentiment but is largely a confirmation of already positive expectations. Consensus Buy recommendation

Analyst Ratings Changes

ATZ has been the topic of several research reports. TD lifted their price target on Aritzia from C$155.00 to C$183.00 and gave the company a “buy” rating in a research report on Friday. TD Securities lifted their price objective on Aritzia from C$133.00 to C$155.00 and gave the company a “buy” rating in a research note on Friday, January 9th. National Bank Financial set a C$143.00 price objective on Aritzia and gave the company an “outperform” rating in a research note on Thursday, April 9th. Canadian Imperial Bank of Commerce lifted their price objective on Aritzia from C$148.00 to C$155.00 and gave the company an “outperformer” rating in a research note on Monday, May 4th. Finally, BMO Capital Markets lifted their price objective on Aritzia from C$163.00 to C$188.00 in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$163.92.

Aritzia Trading Up 4.5%

The firm has a market cap of C$17.18 billion, a P/E ratio of 50.63, a price-to-earnings-growth ratio of 1.19 and a beta of 2.11. The stock has a fifty day simple moving average of C$123.48 and a 200 day simple moving average of C$116.01. The company has a debt-to-equity ratio of 77.42, a quick ratio of 0.19 and a current ratio of 1.44.

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.