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

Aritzia Inc. (TSE:ATZ)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$163.93 and last traded at C$163.82, with a volume of 33208 shares changing hands. The stock had previously closed at C$159.45.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Canadian Imperial Bank of Commerce lifted their target price on Aritzia from C$155.00 to C$171.00 in a research report on Sunday, May 10th. BMO Capital Markets lifted their target price on Aritzia from C$163.00 to C$188.00 in a research report on Friday, May 8th. Royal Bank Of Canada lifted their target price on Aritzia from C$175.00 to C$193.00 and gave the company an “outperform” rating in a research report on Sunday, May 10th. Truist Financial lifted their target price on Aritzia from C$164.00 to C$185.00 in a research report on Friday, May 8th. Finally, National Bank Financial lifted their target price on Aritzia from C$143.00 to C$171.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$174.08.

Aritzia Stock Performance

The firm has a market cap of C$18.25 billion, a PE ratio of 49.79, a PEG ratio of 1.19 and a beta of 2.01. The company has a 50-day simple moving average of C$138.32 and a two-hundred day simple moving average of C$124.16. The company has a quick ratio of 0.19, a current ratio of 1.43 and a debt-to-equity ratio of 73.16.

Aritzia Company Profile

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.