Aritzia (TSE:ATZ) Hits New 1-Year High – Time to Buy?

Aritzia Inc. (TSE:ATZ) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$55.63 and last traded at C$55.60, with a volume of 83993 shares changing hands. The stock had previously closed at C$53.76.

Analysts Set New Price Targets

A number of equities analysts have commented on ATZ shares. TD Securities reduced their target price on shares of Aritzia from C$60.00 to C$58.00 in a research note on Friday, October 11th. Royal Bank of Canada raised Aritzia from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 31st. CIBC upped their price target on Aritzia from C$47.00 to C$60.00 in a research note on Friday, October 11th. Stifel Nicolaus raised their price objective on Aritzia from C$50.00 to C$58.00 in a research report on Friday, October 11th. Finally, BMO Capital Markets upped their target price on shares of Aritzia from C$57.00 to C$60.00 in a research report on Thursday, December 19th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$55.75.

Aritzia Stock Performance

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$5.29 billion, a price-to-earnings ratio of 84.71, a P/E/G ratio of 1.19 and a beta of 1.83. The firm has a 50-day simple moving average of C$48.24 and a two-hundred day simple moving average of C$45.79.

Aritzia (TSE:ATZ) last announced its earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing the consensus estimate of C$0.13 by C($0.02). Aritzia had a return on equity of 9.84% and a net margin of 3.26%. The business had revenue of C$615.66 million for the quarter, compared to analysts’ expectations of C$581.10 million. On average, sell-side analysts anticipate that Aritzia Inc. will post 1.7771148 EPS for the current fiscal year.

Insider Activity

In other news, Director Jennifer Wong sold 2,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total value of C$92,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total transaction of C$174,800.00. In the last quarter, insiders sold 77,300 shares of company stock worth $3,565,800. 0.94% of the stock is currently owned by company insiders.

Aritzia Company Profile

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.