Aritzia (TSE:ATZ) Hits New 52-Week High Following Analyst Upgrade

by · The Cerbat Gem

Shares of Aritzia Inc. (TSE:ATZ – Get Free Report) reached a new 52-week high during mid-day trading on Friday after TD Securities raised their price target on the stock from C$50.00 to C$60.00. TD Securities currently has a buy rating on the stock. Aritzia traded as high as C$51.75 and last traded at C$51.72, with a volume of 171345 shares changing hands. The stock had previously closed at C$50.27.

A number of other brokerages also recently commented on ATZ. BMO Capital Markets boosted their target price on shares of Aritzia from C$50.00 to C$52.00 in a research note on Friday, July 12th. UBS Group increased their price objective on Aritzia from C$53.00 to C$54.00 in a report on Friday, July 12th. Canaccord Genuity Group raised their target price on Aritzia from C$46.00 to C$52.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Stifel Nicolaus upped their price target on Aritzia from C$42.00 to C$50.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Royal Bank of Canada raised their price objective on shares of Aritzia from C$47.00 to C$56.00 and gave the stock a “sector perform” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$52.38.

Read Our Latest Analysis on ATZ

Insider Activity at Aritzia

In other news, Senior Officer Karen Kwan sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total transaction of C$477,000.00. In related news, Director Jennifer Wong sold 11,800 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total value of C$563,450.00. Also, Senior Officer Karen Kwan sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total value of C$477,000.00. Insiders own 0.94% of the company’s stock.

Aritzia Stock Performance

The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. The stock has a fifty day moving average price of C$46.09 and a 200-day moving average price of C$40.26. The firm has a market cap of C$4.71 billion, a price-to-earnings ratio of 75.35, a price-to-earnings-growth ratio of 1.19 and a beta of 1.82.

Aritzia (TSE:ATZ – Get Free Report) last announced its quarterly earnings data on Thursday, July 11th. The company reported C$0.16 EPS for the quarter, topping analysts’ consensus estimates of C$0.13 by C$0.03. Aritzia had a net margin of 3.26% and a return on equity of 9.84%. The company had revenue of C$498.63 million during the quarter, compared to the consensus estimate of C$487.16 million. On average, analysts expect that Aritzia Inc. will post 1.8012959 earnings per share for the current fiscal year.

Aritzia Company Profile

(Get Free Report)

Aritzia Inc, together with its subsidiaries, designs, develops, and sells apparels and accessories for women in the United States and Canada. The company offers activewear, blazers and suiting, bodysuits, denim, dresses, jackets and coats, jumpsuits and rompers, leggings and bike shorts, pants, shirts and blouses, shorts, skirts, sweaters, and sweatpants, sweatshirts, hoodies, and sweats, as well as t-shirts, tops, intimates, bra tops, leaotards.

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