Aritzia (TSE:ATZ) Hits New 12-Month High – Time to Buy?

Aritzia Inc. (TSE:ATZ) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$73.00 and last traded at C$71.69, with a volume of 650282 shares. The stock had previously closed at C$71.17.

Wall Street Analysts Forecast Growth

ATZ has been the subject of several recent research reports. BMO Capital Markets lifted their price target on Aritzia from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Stifel Nicolaus lifted their price objective on shares of Aritzia from C$66.00 to C$70.00 and gave the company a “buy” rating in a report on Monday, January 13th. TD Securities increased their target price on shares of Aritzia from C$68.00 to C$75.00 and gave the stock a “buy” rating in a research note on Sunday, January 12th. CIBC upped their price target on Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a report on Sunday, January 12th. Finally, Raymond James upped their target price on Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$66.56.

Aritzia Stock Down 2.5 %

The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. The business has a fifty day simple moving average of C$55.95 and a two-hundred day simple moving average of C$49.27. The company has a market cap of C$6.49 billion, a PE ratio of 104.00, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83.

Insider Transactions at Aritzia

In other Aritzia news, Director Jennifer Wong sold 2,000 shares of the company’s stock in a transaction on 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 Philippa (Pippa) Morgan sold 3,023 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of C$70.10, for a total value of C$211,912.30. Over the last three months, insiders have sold 130,098 shares of company stock valued at $7,114,338. Corporate insiders own 0.94% of the company’s stock.

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.