Aritzia (TSE:ATZ) Sets New 1-Year High – Still a Buy?

Shares of Aritzia Inc. (TSE:ATZ) hit a new 52-week high on Friday . The company traded as high as C$145.60 and last traded at C$145.60, with a volume of 88180 shares trading hands. The stock had previously closed at C$141.23.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Raymond James Financial lifted their price objective on shares of Aritzia from C$110.00 to C$130.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. Royal Bank Of Canada lifted their price objective on shares of Aritzia from C$116.00 to C$150.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Canaccord Genuity Group lifted their price objective on shares of Aritzia from C$135.00 to C$164.00 and gave the company a “buy” rating in a report on Friday, January 9th. Jefferies Financial Group lifted their price objective on shares of Aritzia from C$114.00 to C$140.00 in a report on Tuesday, January 6th. Finally, BMO Capital Markets set a C$163.00 price objective on shares of Aritzia and gave the company an “outperform” rating in a report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$139.92.

Aritzia Stock Up 1.4%

The company has a current ratio of 1.44, a quick ratio of 0.19 and a debt-to-equity ratio of 77.42. The company has a market cap of C$16.58 billion, a price-to-earnings ratio of 48.88, a PEG ratio of 1.19 and a beta of 1.95. The firm’s fifty day simple moving average is C$121.08 and its 200 day simple moving average is C$113.07.

About Aritzia

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.