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

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

Analyst Ratings Changes

A number of equities research analysts recently commented on ATZ shares. Wells Fargo & Company upped their target price on Aritzia from C$110.00 to C$120.00 in a research report on Friday, January 9th. TD Securities upped their target price on Aritzia from C$133.00 to C$155.00 and gave the company a “buy” rating in a research report on Friday, January 9th. National Bank Financial set a C$143.00 price objective on Aritzia and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Raymond James Financial upped their price objective on Aritzia from C$110.00 to C$130.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Finally, Stifel Nicolaus upped their price objective on Aritzia from C$132.00 to C$150.00 and gave the stock a “buy” rating in a research report on Sunday, January 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$139.92.

Aritzia Trading Up 1.1%

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 50-day simple moving average of C$120.59 and a 200 day simple moving average of C$112.42. The firm has a market cap of C$16.53 billion, a PE ratio of 48.73, a price-to-earnings-growth ratio of 1.19 and a beta of 1.95.

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.