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

Aritzia Inc. (TSE:ATZ) reached a new 52-week high on Monday . The stock traded as high as C$115.25 and last traded at C$113.84, with a volume of 22263 shares trading hands. The stock had previously closed at C$113.29.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group decreased their target price on Aritzia from C$95.00 to C$93.00 in a research report on Friday, October 10th. Raymond James Financial raised their price objective 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. CIBC boosted their price objective on Aritzia from C$87.00 to C$94.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. BMO Capital Markets upped their target price on Aritzia from C$100.00 to C$104.00 in a research note on Friday, October 10th. Finally, Truist Financial lifted their price target on shares of Aritzia from C$102.00 to C$116.00 in a research note on Thursday, October 30th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$96.09.

Aritzia Price Performance

The company has a 50-day moving average of C$96.07 and a 200 day moving average of C$82.42. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. The firm has a market cap of C$13.04 billion, a P/E ratio of 47.12, a P/E/G ratio of 1.19 and a beta of 1.97.

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 firm 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%. On average, sell-side analysts anticipate 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.