Aritzia (TSE:ATZ) Hits New 12-Month High Following Analyst Upgrade

Aritzia Inc. (TSE:ATZ) shares hit a new 52-week high during mid-day trading on Friday after TD Securities raised their price target on the stock from C$50.00 to C$60.00. TD Securities currently has a buy rating on the stock. Aritzia traded as high as C$51.75 and last traded at C$51.72, with a volume of 171345 shares traded. The stock had previously closed at C$50.27.

Other equities research analysts have also recently issued research reports about the stock. UBS Group boosted their target price on shares of Aritzia from C$53.00 to C$54.00 in a report on Friday, July 12th. Royal Bank of Canada lifted their price objective on shares of Aritzia from C$47.00 to C$56.00 and gave the stock a “sector perform” rating in a report on Wednesday. Canaccord Genuity Group boosted their price target on shares of Aritzia from C$46.00 to C$52.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Stifel Nicolaus raised their target price on shares of Aritzia from C$42.00 to C$50.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, Raymond James increased their price target on shares of Aritzia from C$43.00 to C$48.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Aritzia presently has a consensus rating of “Moderate Buy” and a consensus price target of C$52.38.

Insider Activity

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

Aritzia Price Performance

The company has a market cap of C$4.74 billion, a PE ratio of 73.93, a price-to-earnings-growth ratio of 1.19 and a beta of 1.82. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. The firm has a 50 day simple moving average of C$45.98 and a 200-day simple moving average of C$40.18.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Thursday, July 11th. The company reported C$0.16 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.13 by C$0.03. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. The firm had revenue of C$498.63 million during the quarter, compared to analysts’ expectations of C$487.16 million. As a group, research analysts predict that Aritzia Inc. will post 1.8012959 earnings per share for the current fiscal year.

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.