Aritzia (TSE:ATZ) Sets New 12-Month High – Here’s What Happened

Aritzia Inc. (TSE:ATZ) 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 trading hands. The stock had previously closed at C$99.89.

Analyst Ratings Changes

ATZ has been the subject of several recent analyst reports. BMO Capital Markets raised their price objective on shares of Aritzia from C$100.00 to C$104.00 in a report on Friday, October 10th. Desjardins lifted their target price on Aritzia from C$91.00 to C$95.00 in a research report on Friday, October 10th. Jefferies Financial Group boosted their price target on Aritzia from C$87.00 to C$92.00 in a report on Friday, October 10th. Canaccord Genuity Group reduced their price objective on Aritzia from C$95.00 to C$93.00 in a research note on Friday, October 10th. Finally, CIBC boosted their target price on shares of Aritzia from C$87.00 to C$94.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Aritzia currently has an average rating of “Buy” and a consensus price target of C$96.09.

Aritzia Price Performance

The firm has a market capitalization of C$11.61 billion, a price-to-earnings ratio of 41.95, a PEG ratio of 1.19 and a beta of 1.79. 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 business has a 50-day moving average price of C$90.27 and a two-hundred day moving average price of C$78.16.

Aritzia (TSE:ATZ) last released its quarterly earnings data on Thursday, October 9th. The company reported C$0.59 earnings per share (EPS) for the quarter. The business had revenue of C$812.05 million during the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%. As a group, research analysts forecast that Aritzia Inc. will post 1.7771148 EPS for the current 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.