Aritzia (TSE:ATZ) Hits New 1-Year High – Here’s Why

Shares of Aritzia Inc. (TSE:ATZ) reached a new 52-week high on Friday . The company traded as high as C$120.17 and last traded at C$117.78, with a volume of 99567 shares trading hands. The stock had previously closed at C$117.35.

Wall Street Analysts Forecast Growth

ATZ has been the topic of a number of analyst reports. BMO Capital Markets upped their price objective on Aritzia from C$133.00 to C$136.00 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Raymond James Financial raised their target price on shares of Aritzia from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Truist Financial upped their price target on shares of Aritzia from C$102.00 to C$116.00 in a research report on Thursday, October 30th. Wells Fargo & Company set a C$110.00 price target on shares of Aritzia and gave the company an “equal weight” rating in a research note on Friday, December 12th. Finally, The Goldman Sachs Group upgraded shares of Aritzia to a “strong-buy” rating in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$108.92.

Aritzia Trading Down 0.1%

The business has a 50 day moving average of C$107.69 and a two-hundred day moving average of C$89.11. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. The firm has a market cap of C$13.51 billion, a P/E ratio of 48.83, a PEG ratio of 1.19 and a beta of 1.97.

Aritzia (TSE:ATZ) last released its quarterly earnings data on Thursday, October 9th. The company reported C$0.59 EPS for the quarter. Aritzia had a net margin of 5.24% and a return on equity of 15.24%. The firm had revenue of C$812.05 million during the quarter. Analysts predict that Aritzia Inc. will post 1.7771148 earnings per share for the current year.

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. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.