Aritzia (TSE:ATZ) Sets New 52-Week High – Should You Buy?

Aritzia Inc. (TSE:ATZ) 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 trading hands. The stock had previously closed at C$50.38.

Analyst Ratings Changes

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

Aritzia Stock Down 1.0 %

The company has a market capitalization of C$4.66 billion, a PE ratio of 74.60, a P/E/G ratio of 1.19 and a beta of 1.83. 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 50 day simple moving average of C$46.53 and a two-hundred day simple moving average of C$44.21.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The firm had revenue of C$615.66 million during 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%. Research analysts expect that Aritzia Inc. will post 1.7771148 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Karen Kwan sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of C$46.00, for a total value of C$230,000.00. Also, Director Jennifer Wong sold 20,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$46.00, for a total value of C$920,000.00. Insiders sold 77,300 shares of company stock valued at $3,565,800 over the last ninety days. 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.