Aritzia (TSE:ATZ) Sets New 1-Year High – Here’s What Happened

Aritzia Inc. (TSE:ATZ) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$155.05 and last traded at C$152.11, with a volume of 221783 shares changing hands. The stock had previously closed at C$150.90.

Analysts Set New Price Targets

Several research analysts recently issued reports on ATZ shares. Royal Bank Of Canada lifted their price objective on Aritzia from C$175.00 to C$193.00 and gave the stock an “outperform” rating in a research report on Sunday, May 10th. Canaccord Genuity Group raised their price target on Aritzia from C$166.00 to C$182.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Desjardins upped their price objective on Aritzia from C$148.00 to C$175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Truist Financial lifted their price objective on Aritzia from C$164.00 to C$185.00 in a research report on Friday, May 8th. Finally, Wells Fargo & Company boosted their target price on shares of Aritzia from C$110.00 to C$140.00 in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Aritzia presently has a consensus rating of “Buy” and an average price target of C$174.08.

Aritzia Price Performance

The company’s 50-day moving average is C$130.18 and its 200-day moving average is C$120.37. The firm has a market capitalization of C$17.23 billion, a price-to-earnings ratio of 47.01, a PEG ratio of 1.19 and a beta of 2.11. The company has a debt-to-equity ratio of 73.16, a current ratio of 1.43 and a quick ratio of 0.19.

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.