Aritzia (TSE:ATZ) Hits New 1-Year High – Time to Buy?

Aritzia Inc. (TSE:ATZ) shares reached a new 52-week high during trading on Friday . The stock traded as high as C$139.59 and last traded at C$139.26, with a volume of 148390 shares trading hands. The stock had previously closed at C$132.95.

Analyst Ratings Changes

Several analysts have commented on the company. TD Securities lifted their price target on Aritzia from C$133.00 to C$155.00 and gave the company a “buy” rating in a report on Friday, January 9th. Raymond James Financial lifted their price target on Aritzia from C$110.00 to C$130.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. National Bank Financial set a C$143.00 price target on Aritzia and gave the company an “outperform” rating in a report on Thursday, April 9th. Wells Fargo & Company lifted their price target on Aritzia from C$110.00 to C$120.00 in a report on Friday, January 9th. Finally, Royal Bank Of Canada lifted their price target on Aritzia from C$116.00 to C$150.00 and gave the company an “outperform” rating in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$139.92.

Aritzia Stock Up 5.3%

The firm has a market capitalization of C$16.20 billion, a price-to-earnings ratio of 47.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.95. The company has a current ratio of 1.44, a quick ratio of 0.19 and a debt-to-equity ratio of 77.42. The firm has a 50 day moving average price of C$118.05 and a two-hundred day moving average price of C$110.47.

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.