Aritzia (TSE:ATZ) Hits New 1-Year High – Should You Buy?

Aritzia Inc. (TSE:ATZ) shares hit a new 52-week high during trading on Friday . The stock traded as high as C$91.29 and last traded at C$90.33, with a volume of 83086 shares traded. The stock had previously closed at C$90.08.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. TD Securities boosted their price objective on shares of Aritzia from C$81.00 to C$93.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Desjardins boosted their price objective on shares of Aritzia from C$91.00 to C$95.00 in a research report on Friday, October 10th. BMO Capital Markets boosted their price objective on shares of Aritzia from C$100.00 to C$104.00 in a research report on Friday, October 10th. Jefferies Financial Group boosted their price objective on shares of Aritzia from C$87.00 to C$92.00 in a research report on Friday, October 10th. Finally, Truist Financial boosted their price objective on shares of Aritzia from C$95.00 to C$102.00 in a research report on Friday, October 10th. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$93.91.

Aritzia Stock Performance

The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. The stock’s 50-day moving average is C$82.84 and its 200 day moving average is C$69.78. The firm has a market cap of C$10.35 billion, a P/E ratio of 37.40, a PEG ratio of 1.19 and a beta of 1.89.

Insiders Place Their Bets

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 1,937 shares of the stock in a transaction dated 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, Director Jennifer Wong sold 20,000 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of C$75.50, for a total value of C$1,510,000.00. In the last 90 days, insiders sold 51,937 shares of company stock valued at $3,902,215. 0.94% of the stock is owned by corporate insiders.

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.