Aritzia (TSE:ATZ) Reaches New 1-Year High – Should You Buy?

Aritzia Inc. (TSE:ATZ) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$101.13 and last traded at C$101.13, with a volume of 74014 shares changing hands. The stock had previously closed at C$99.89.

Analysts Set New Price Targets

Several research analysts recently weighed in on ATZ shares. BMO Capital Markets boosted their target price on shares of Aritzia from C$100.00 to C$104.00 in a research note on Friday, October 10th. CIBC raised their target price on shares of Aritzia from C$87.00 to C$94.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Stifel Nicolaus increased their price target on Aritzia from C$96.00 to C$100.00 in a research note on Friday, October 10th. Jefferies Financial Group lifted their price objective on Aritzia from C$87.00 to C$92.00 in a research report on Friday, October 10th. Finally, Truist Financial increased their target price on Aritzia from C$102.00 to C$116.00 in a research report on Thursday, October 30th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat, Aritzia currently has a consensus rating of “Buy” and a consensus target price of C$96.09.

Aritzia Stock Up 0.8%

The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The company has a market cap of C$11.61 billion, a price-to-earnings ratio of 41.95, a price-to-earnings-growth ratio of 1.19 and a beta of 1.79. The firm’s 50-day moving average price is C$90.27 and its 200-day moving average price is C$78.16.

Aritzia (TSE:ATZ) last announced its quarterly earnings results on Thursday, October 9th. The company reported C$0.59 earnings per share for the quarter. Aritzia had a net margin of 5.24% and a return on equity of 15.24%. The firm had revenue of C$812.05 million during the quarter. Sell-side analysts forecast that Aritzia Inc. will post 1.7771148 earnings per share for the current fiscal year.

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.