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

Aritzia Inc. (TSE:ATZ)’s share price 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 trading hands. The stock had previously closed at C$97.97.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ATZ shares. Royal Bank Of Canada upped their price target on Aritzia from C$85.00 to C$94.00 in a research note on Sunday, July 13th. Raymond James Financial upped their price target on Aritzia from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Jefferies Financial Group upped their price target on Aritzia from C$87.00 to C$92.00 in a research note on Friday, October 10th. TD Securities upped their price target on Aritzia from C$81.00 to C$93.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Finally, Canaccord Genuity Group decreased their price target on Aritzia from C$95.00 to C$93.00 in a research note on Friday, October 10th. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Aritzia presently has a consensus rating of “Buy” and an average target price of C$96.09.

Aritzia Stock Up 2.4%

The business has a fifty day moving average of C$87.10 and a 200 day 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. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51.

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.