Aritzia (TSE:ATZ) Reaches New 12-Month High – Still a Buy?

Aritzia Inc. (TSE:ATZ)’s stock price reached a new 52-week high on Monday . The stock traded as high as C$174.19 and last traded at C$174.12, with a volume of 40149 shares trading hands. The stock had previously closed at C$168.52.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. BMO Capital Markets upped their price target on Aritzia from C$163.00 to C$188.00 in a research report on Friday, May 8th. National Bank Financial upped their price target 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. TD upped their price target on Aritzia from C$155.00 to C$183.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Royal Bank Of Canada upped their price target 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. Finally, Desjardins upped their price target on Aritzia from C$148.00 to C$175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Aritzia currently has an average rating of “Buy” and an average price target of C$174.08.

Aritzia Stock Performance

The company has a current ratio of 1.43, a quick ratio of 0.19 and a debt-to-equity ratio of 73.16. The firm has a 50-day simple moving average of C$144.83 and a two-hundred day simple moving average of C$126.70. The company has a market capitalization of C$19.20 billion, a price-to-earnings ratio of 52.35, a price-to-earnings-growth ratio of 1.19 and a beta of 2.01.

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.