Aritzia (TSE:ATZ) Hits New 52-Week High – Time to Buy?

Shares of Aritzia Inc. (TSE:ATZ) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$139.59 and last traded at C$135.31, with a volume of 776220 shares trading hands. The stock had previously closed at C$137.75.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Aritzia from C$110.00 to C$120.00 in a research report on Friday, January 9th. CIBC raised their target price on Aritzia from C$132.00 to C$148.00 in a research report on Friday, January 9th. Stifel Nicolaus upped their price target on Aritzia from C$132.00 to C$150.00 and gave the company a “buy” rating in a research report on Sunday. Canaccord Genuity Group raised their price objective on Aritzia from C$135.00 to C$164.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Finally, Jefferies Financial Group lifted their target price on Aritzia from C$114.00 to C$140.00 in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Aritzia currently has an average rating of “Buy” and a consensus price target of C$137.42.

Aritzia Price Performance

The firm has a market capitalization of C$15.62 billion, a price-to-earnings ratio of 46.18, a P/E/G ratio of 1.19 and a beta of 2.01. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The stock’s 50 day moving average price is C$111.91 and its two-hundred day moving average price is C$92.21.

Aritzia (TSE:ATZ) last issued its earnings results on Thursday, January 8th. The company reported C$1.10 EPS for the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%.The firm had revenue of C$1.04 billion for the quarter. Analysts anticipate that Aritzia Inc. will post 1.7771148 EPS for the current fiscal year.

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.