Aritzia (TSE:ATZ) Hits New 12-Month High After Analyst Upgrade

Aritzia Inc. (TSE:ATZ) shares reached a new 52-week high during trading on Thursday after Desjardins raised their price target on the stock from C$95.00 to C$125.00. Desjardins currently has a buy rating on the stock. Aritzia traded as high as C$117.60 and last traded at C$115.23, with a volume of 319572 shares trading hands. The stock had previously closed at C$110.25.

ATZ has been the subject of several other reports. Canaccord Genuity Group decreased their price target on shares of Aritzia from C$95.00 to C$93.00 in a research note on Friday, October 10th. The Goldman Sachs Group upgraded shares of Aritzia to a “strong-buy” rating in a report on Thursday, December 11th. CIBC raised their target price on shares of Aritzia from C$95.00 to C$132.00 and gave the company an “outperform” rating in a research note on Thursday. Wells Fargo & Company set a C$110.00 price target on Aritzia and gave the stock an “equal weight” rating in a research report on Friday, December 12th. Finally, Raymond James Financial upped their price target on Aritzia from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$105.58.

Aritzia Stock Up 2.1%

The company’s 50 day simple moving average is C$102.38 and its 200-day simple moving average is C$85.55. 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 firm has a market cap of C$13.53 billion, a P/E ratio of 48.91, a PEG 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 for the quarter. The firm had revenue of C$812.05 million during the quarter. Aritzia had a net margin of 5.24% and a return on equity of 15.24%. Research analysts forecast that Aritzia Inc. will post 1.7771148 earnings per share for the current fiscal year.

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. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.