Aritzia (TSE:ATZ) Hits New 1-Year High – Here’s Why

Aritzia Inc. (TSE:ATZ)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$158.41 and last traded at C$154.60, with a volume of 381235 shares. The stock had previously closed at C$154.80.

Analysts Set New Price Targets

Several research analysts have issued reports on ATZ shares. Stifel Nicolaus upped their price target on Aritzia from C$158.00 to C$180.00 in a report on Friday, May 8th. Royal Bank Of Canada upped their price target on Aritzia from C$175.00 to C$193.00 and gave the company an “outperform” rating in a report on Sunday, May 10th. Truist Financial upped their price target on Aritzia from C$164.00 to C$185.00 in a report on Friday, May 8th. Wells Fargo & Company upped their price target on Aritzia from C$110.00 to C$140.00 in a report on Wednesday, April 29th. Finally, Canaccord Genuity Group upped their price target on Aritzia from C$166.00 to C$182.00 and gave the company a “buy” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$174.08.

Aritzia Stock Performance

The firm’s 50 day simple moving average is C$135.55 and its 200-day simple moving average is C$122.88. The company has a debt-to-equity ratio of 73.16, a quick ratio of 0.19 and a current ratio of 1.43. The company has a market capitalization of C$18.37 billion, a price-to-earnings ratio of 50.11, a P/E/G ratio of 1.19 and a beta of 2.11.

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.