Aritzia (TSE:ATZ) Reaches New 12-Month High – Here’s Why

Aritzia Inc. (TSE:ATZ) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$100.37 and last traded at C$100.31, with a volume of 517559 shares traded. The stock had previously closed at C$97.97.

Wall Street Analyst Weigh In

Several brokerages recently commented on ATZ. Desjardins boosted their price target on Aritzia from C$91.00 to C$95.00 in a research report on Friday, October 10th. Canaccord Genuity Group dropped their price target on Aritzia from C$95.00 to C$93.00 in a research report on Friday, October 10th. Truist Financial boosted their price target on Aritzia from C$102.00 to C$116.00 in a research report on Thursday, October 30th. Raymond James Financial boosted their price target on Aritzia from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Finally, Stifel Nicolaus boosted their price target on Aritzia from C$96.00 to C$100.00 in a research report on Friday, October 10th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat, Aritzia currently has a consensus rating of “Buy” and an average target price of C$96.09.

Aritzia Trading Up 2.4%

The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. The company has a fifty day simple moving average of C$87.10 and a 200-day simple moving average of C$74.31. The company has a market capitalization of C$11.56 billion, a PE ratio of 41.80, a PEG ratio of 1.19 and a beta of 1.89.

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.