Aritzia (TSE:ATZ) Sets New 52-Week High – Time to Buy?

Aritzia Inc. (TSE:ATZ) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$155.05 and last traded at C$152.11, with a volume of 221783 shares. The stock had previously closed at C$150.90.

Analysts Set New Price Targets

Several analysts recently commented on ATZ shares. Royal Bank Of Canada upped their price target on shares of Aritzia from C$175.00 to C$193.00 and gave the company an “outperform” rating in a research report on Sunday, May 10th. Stifel Nicolaus upped their target price on shares of Aritzia from C$158.00 to C$180.00 in a report on Friday, May 8th. Desjardins increased their target price on shares of Aritzia from C$148.00 to C$175.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce raised their price target on Aritzia from C$155.00 to C$171.00 in a report on Sunday, May 10th. Finally, Truist Financial boosted their price target on Aritzia from C$164.00 to C$185.00 in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$174.08.

Aritzia Price Performance

The company has a current ratio of 1.43, a quick ratio of 0.19 and a debt-to-equity ratio of 73.16. The stock has a fifty day simple moving average of C$130.18 and a two-hundred day simple moving average of C$120.37. The company has a market cap of C$17.23 billion, a PE ratio of 47.01, a price-to-earnings-growth 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.