Aritzia (TSE:ATZ) Reaches New 12-Month High – Here’s Why

Aritzia Inc. (TSE:ATZ) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$69.68 and last traded at C$69.32, with a volume of 586014 shares traded. The stock had previously closed at C$68.50.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Canaccord Genuity Group increased their price target on Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a research note on Sunday, January 12th. Royal Bank of Canada increased their target price on shares of Aritzia from C$65.00 to C$73.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Raymond James raised their price target on shares of Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. CIBC upped their price objective on shares of Aritzia from C$63.00 to C$75.00 and gave the company an “outperform” rating in a research note on Sunday, January 12th. Finally, TD Securities lifted their target price on shares of Aritzia from C$68.00 to C$75.00 and gave the stock a “buy” rating in a research note on Sunday, January 12th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$66.56.

Aritzia Trading Up 1.2 %

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’s 50-day moving average price is C$53.41 and its 200 day moving average price is C$48.14. The company has a market cap of C$6.41 billion, a price-to-earnings ratio of 102.68, a P/E/G ratio of 1.19 and a beta of 1.83.

Insiders Place Their Bets

In other news, Senior Officer Philippa (Pippa) Morgan sold 3,023 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of C$70.10, for a total transaction of C$211,912.30. Also, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of C$68.50, for a total value of C$493,200.00. Over the last ninety days, insiders sold 130,098 shares of company stock worth $7,114,338. 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.