Aritzia (TSE:ATZ) Hits New 52-Week High – What’s Next?

Aritzia Inc. (TSE:ATZ)’s stock price hit a new 52-week high on Friday . The stock traded as high as C$55.63 and last traded at C$55.60, with a volume of 83993 shares. The stock had previously closed at C$53.76.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ATZ. Royal Bank of Canada raised shares of Aritzia from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 31st. CIBC boosted their target price on Aritzia from C$47.00 to C$60.00 in a report on Friday, October 11th. BMO Capital Markets raised their price target on Aritzia from C$57.00 to C$60.00 in a research note on Thursday, December 19th. TD Securities reduced their price objective on Aritzia from C$60.00 to C$58.00 in a research note on Friday, October 11th. Finally, Stifel Nicolaus increased their price objective on Aritzia from C$50.00 to C$58.00 in a report on Friday, October 11th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$55.75.

Aritzia Stock Performance

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 stock has a fifty day moving average price of C$48.24 and a 200-day moving average price of C$45.79. The firm has a market cap of C$5.29 billion, a price-to-earnings ratio of 84.71, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.02). Aritzia had a net margin of 3.26% and a return on equity of 9.84%. The firm had revenue of C$615.66 million during the quarter, compared to analyst estimates of C$581.10 million. On average, analysts expect that Aritzia Inc. will post 1.7771148 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$46.00, for a total transaction of C$920,000.00. Also, Senior Officer Karen Kwan sold 5,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of C$46.00, for a total transaction of C$230,000.00. 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.

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.