Aritzia (TSE:ATZ) Sets New 12-Month High – What’s Next?

Aritzia Inc. (TSE:ATZ)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$68.57 and last traded at C$68.48, with a volume of 553749 shares. The stock had previously closed at C$65.87.

Wall Street Analyst Weigh In

ATZ has been the subject of several research analyst reports. Canaccord Genuity Group increased their price objective on Aritzia from C$62.00 to C$70.00 and gave the stock a “buy” rating in a research note on Sunday, January 12th. Stifel Nicolaus increased their price objective on Aritzia from C$66.00 to C$70.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Raymond James increased their price objective on Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. CIBC raised their price target on Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Sunday, January 12th. Finally, Royal Bank of Canada raised their price target on Aritzia from C$65.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$66.56.

Aritzia Price Performance

The stock has a 50 day moving average price of C$51.98 and a two-hundred day moving average price of C$47.51. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. The company has a market capitalization of C$6.23 billion, a PE ratio of 99.79, a P/E/G ratio of 1.19 and a beta of 1.83.

Insider Activity at Aritzia

In related news, Director Jennifer Wong sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$92,000.00. Also, Senior Officer Karen Kwan sold 29,966 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of C$65.96, for a total value of C$1,976,557.36. In the last ninety days, insiders have sold 119,875 shares of company stock valued at $6,409,226. Corporate insiders own 0.94% of the company’s stock.

About Aritzia

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.