Aritzia (TSE:ATZ) Reaches New 12-Month High – Time to Buy?

Aritzia Inc. (TSE:ATZ) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$51.87 and last traded at C$51.78, with a volume of 170678 shares traded. The stock had previously closed at C$50.38.

Wall Street Analysts Forecast Growth

ATZ has been the topic of a number of research analyst reports. CIBC boosted their price target on Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th. Royal Bank of Canada upgraded Aritzia from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 31st. Stifel Nicolaus upped their price target on Aritzia from C$50.00 to C$58.00 in a research note on Friday, October 11th. TD Securities dropped their price objective on shares of Aritzia from C$60.00 to C$58.00 in a research note on Friday, October 11th. Finally, BMO Capital Markets upped their price target on Aritzia from C$52.00 to C$57.00 in a research note on Friday, October 11th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$55.38.

Aritzia Trading Up 2.7 %

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 stock has a fifty day moving average of C$46.50 and a 200 day moving average of C$44.03. The company has a market capitalization of C$4.75 billion, a PE ratio of 76.07, a PEG ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last posted 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). The company had revenue of C$615.66 million for the quarter, compared to analysts’ expectations of C$581.10 million. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. As a group, sell-side analysts predict that Aritzia Inc. will post 1.7771148 earnings per share for the current fiscal year.

Insider Activity at Aritzia

In other Aritzia news, Senior Officer Karen Kwan sold 6,500 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of C$46.00, for a total transaction of C$299,000.00. Also, Director Jennifer Wong sold 20,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of C$46.50, for a total transaction of C$930,000.00. Over the last ninety days, insiders sold 77,300 shares of company stock valued at $3,565,800. 0.94% of the stock is owned by corporate 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.