Aritzia (TSE:ATZ) Reaches New 1-Year High at $48.24

Aritzia Inc. (TSE:ATZ)’s stock price reached a new 52-week high on Friday . The stock traded as high as C$48.24 and last traded at C$48.23, with a volume of 418746 shares trading hands. The stock had previously closed at C$46.68.

Wall Street Analysts Forecast Growth

ATZ has been the subject of a number of recent analyst reports. UBS Group raised their price target on shares of Aritzia from C$53.00 to C$54.00 in a report on Friday, July 12th. BMO Capital Markets lifted their target price on Aritzia from C$50.00 to C$52.00 in a research report on Friday, July 12th. TD Securities increased their price target on Aritzia from C$46.00 to C$50.00 in a report on Friday, July 12th. Stifel Nicolaus boosted their price objective on shares of Aritzia from C$42.00 to C$50.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, CIBC increased their target price on shares of Aritzia from C$41.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Aritzia presently has an average rating of “Moderate Buy” and a consensus price target of C$50.00.

Aritzia Price Performance

The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. The firm has a market capitalization of C$4.48 billion, a price-to-earnings ratio of 68.65, a price-to-earnings-growth ratio of 1.19 and a beta of 1.82. The stock’s fifty day moving average price is C$45.33 and its two-hundred day moving average price is C$39.22.

Aritzia (TSE:ATZ) last posted its earnings results on Thursday, July 11th. The company reported C$0.16 earnings per share for the quarter, topping the consensus estimate of C$0.13 by C$0.03. The firm had revenue of C$498.63 million during the quarter, compared to analysts’ expectations of C$487.16 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. Equities research analysts expect that Aritzia Inc. will post 1.799772 EPS for the current year.

Insider Buying and Selling at Aritzia

In other Aritzia news, Senior Officer Karen Kwan sold 10,000 shares of Aritzia stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total value of C$477,000.00. In other Aritzia news, Senior Officer Karen Kwan sold 10,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total transaction of C$477,000.00. Also, Director Jennifer Wong sold 11,800 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total transaction of C$563,450.00. 0.94% of the stock is owned by company insiders.

About Aritzia

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.