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

Aritzia Inc. (TSE:ATZ)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$69.68 and last traded at C$69.32, with a volume of 586014 shares traded. The stock had previously closed at C$68.50.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ATZ. Stifel Nicolaus upped their target price 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. Royal Bank of Canada upped their price objective on Aritzia from C$65.00 to C$73.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Raymond James increased their price objective on Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. BMO Capital Markets upped their price target on Aritzia from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Finally, CIBC lifted their price objective on shares of Aritzia from C$63.00 to C$75.00 and gave the company an “outperform” rating in a research report on Sunday, January 12th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Aritzia presently has an average rating of “Moderate Buy” and an average price target of C$66.56.

Aritzia Stock Up 1.2 %

The firm’s 50-day simple moving average is C$52.46 and its 200 day simple moving average is C$47.85. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. The company has a market capitalization of C$6.37 billion, a PE ratio of 101.94, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83.

Insider Buying and Selling

In other Aritzia news, Senior Officer Karen Kwan sold 29,966 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of C$65.96, for a total value of C$1,976,557.36. Also, Director Jennifer Wong sold 12,609 shares of Aritzia stock in a transaction on Friday, January 17th. The stock was sold at an average price of C$68.75, for a total value of C$866,868.75. Over the last 90 days, insiders have sold 127,075 shares of company stock valued at $6,902,426. Corporate insiders own 0.94% of the company’s stock.

Aritzia Company Profile

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.