Aritzia (TSE:ATZ) Sets New 1-Year High at $48.24

Aritzia Inc. (TSE:ATZ) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$48.24 and last traded at C$48.23, with a volume of 418746 shares traded. The stock had previously closed at C$46.68.

Analyst Upgrades and Downgrades

ATZ has been the subject of several analyst reports. CIBC boosted their price target on Aritzia from C$41.00 to C$47.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Canaccord Genuity Group upped their target price on Aritzia from C$46.00 to C$52.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Raymond James raised their price target on Aritzia from C$43.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Royal Bank of Canada upped their price objective on shares of Aritzia from C$46.00 to C$47.00 in a research note on Friday, July 12th. Finally, TD Securities increased their price objective on shares of Aritzia from C$46.00 to C$50.00 in a report on Friday, July 12th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Aritzia presently has an average rating of “Moderate Buy” and an average price target of C$50.00.

Aritzia Trading Up 4.4 %

The company has a market capitalization of C$4.48 billion, a PE ratio of 68.65, a P/E/G ratio of 1.19 and a beta of 1.82. 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 business has a fifty day moving average price of C$45.33 and a 200 day moving average price of C$39.22.

Aritzia (TSE:ATZ) last announced its quarterly earnings results on Thursday, July 11th. The company reported C$0.16 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.03. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. The firm had revenue of C$498.63 million for the quarter, compared to analysts’ expectations of C$487.16 million. Analysts expect that Aritzia Inc. will post 1.799772 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jennifer Wong sold 11,800 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total transaction of C$563,450.00. In other news, Senior Officer Karen Kwan sold 10,000 shares of the firm’s stock in a transaction dated 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 Aritzia stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total value of C$563,450.00. 0.94% of the stock is owned by corporate insiders.

About Aritzia

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.