Aritzia (TSE:ATZ) Sets New 12-Month High on Analyst Upgrade

Shares of Aritzia Inc. (TSE:ATZ) reached a new 52-week high on Friday after Raymond James Financial raised their price target on the stock from C$87.00 to C$100.00. The stock traded as high as C$91.25 and last traded at C$89.57, with a volume of 287073 shares traded. The stock had previously closed at C$79.54.

Several other analysts have also issued reports on ATZ. CIBC upped their target price on Aritzia from C$87.00 to C$94.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Desjardins upped their target price on Aritzia from C$91.00 to C$95.00 in a research note on Friday. Truist Financial increased their price objective on Aritzia from C$95.00 to C$102.00 in a research note on Friday. TD Securities increased their price objective on Aritzia from C$81.00 to C$93.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Finally, Stifel Nicolaus increased their price objective on Aritzia from C$96.00 to C$100.00 in a research note on Friday. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$93.91.

Insider Buying and Selling

In related news, Senior Officer Philippa (Pippa) Morgan sold 1,937 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of C$73.42, for a total transaction of C$142,214.54. Also, Senior Officer Todd Jeremy Ingledew sold 13,975 shares of the company’s stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of C$75.00, for a total value of C$1,048,125.00. In the last three months, insiders sold 94,200 shares of company stock worth $7,000,627. 0.94% of the stock is owned by company insiders.

Aritzia Stock Performance

The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The company has a market cap of C$9.91 billion, a P/E ratio of 35.83, a P/E/G ratio of 1.19 and a beta of 1.89. The business has a fifty day moving average of C$81.35 and a 200 day moving average of C$68.50.

Aritzia Company Profile

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories.