Aritzia (TSE:ATZ) Hits New 1-Year High at $33.64

Aritzia Inc. (TSE:ATZ) shares hit a new 52-week high during trading on Friday . The stock traded as high as C$33.64 and last traded at C$33.44, with a volume of 146347 shares traded. The stock had previously closed at C$32.41.

Several brokerages have commented on ATZ. Royal Bank of Canada lifted their target price on Aritzia from C$35.00 to C$36.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 12th. TD Securities cut their target price on Aritzia from C$37.00 to C$36.00 and set a “buy” rating on the stock in a report on Wednesday, May 12th. Scotiabank boosted their price objective on Aritzia from C$29.50 to C$41.00 in a research note on Wednesday, May 12th. CIBC reissued an “outperform” rating and issued a C$40.00 price objective (up from C$39.00) on shares of Aritzia in a research note on Wednesday, May 12th. Finally, BMO Capital Markets boosted their price objective on Aritzia from C$35.00 to C$39.00 and gave the company a “na” rating in a research note on Wednesday, May 12th.

The stock has a market capitalization of C$3.67 billion and a price-to-earnings ratio of 194.12. The business’s 50-day moving average price is C$30.78. The company has a debt-to-equity ratio of 158.13, a current ratio of 1.43 and a quick ratio of 0.67.

Aritzia Company Profile (TSE:ATZ)

Aritzia Inc, together with its subsidiaries, designs and sells apparels and accessories for women in North America. It offers sweatshirts, leggings, blouses, pants, dresses, T-shirts, bodysuits, shorts, skirts, jackets and coats, sweaters, and denims; and accessories, including bralettes and sports bras, hats, bags and pouches, shoes and sneakers, socks and tights, belts, scarves, iPhone cases, and gloves and mittens.

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