Aritzia (TSE:ATZ) Sets New 12-Month High – What’s Next?

Shares of Aritzia Inc. (TSE:ATZ) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$68.57 and last traded at C$68.48, with a volume of 553749 shares traded. The stock had previously closed at C$65.87.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ATZ. TD Securities upped their price objective on Aritzia from C$68.00 to C$75.00 and gave the stock a “buy” rating in a report on Sunday. Raymond James upped their target price on Aritzia from C$58.00 to C$65.00 and gave the company a “market perform” rating in a report on Monday. BMO Capital Markets upped their target price on Aritzia from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Royal Bank of Canada raised their price target on Aritzia from C$65.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Stifel Nicolaus increased their price objective on shares of Aritzia from C$66.00 to C$70.00 and gave the stock a “buy” rating in a report on Monday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$66.56.

Aritzia Trading Up 4.2 %

The firm’s 50 day simple moving average is C$51.06 and its 200-day simple moving average is C$47.08. 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 company has a market capitalization of C$6.30 billion, a PE ratio of 100.94, a P/E/G ratio of 1.19 and a beta of 1.83.

Insiders Place Their Bets

In related news, Director Jennifer Wong sold 2,000 shares of Aritzia stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$92,000.00. Also, Senior Officer Karen Kwan sold 6,500 shares of Aritzia stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of C$46.00, for a total transaction of C$299,000.00. Insiders have sold a total of 77,300 shares of company stock worth $3,565,800 over the last quarter. 0.94% of the stock is owned by corporate insiders.

About Aritzia

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.