Aritzia (TSE:ATZ) Hits New 12-Month High – Still a Buy?

Aritzia Inc. (TSE:ATZ) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$163.93 and last traded at C$163.82, with a volume of 33208 shares trading hands. The stock had previously closed at C$159.45.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. National Bank Financial boosted their target price on Aritzia from C$143.00 to C$171.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. BMO Capital Markets boosted their price objective on Aritzia from C$163.00 to C$188.00 in a research note on Friday, May 8th. Stifel Nicolaus boosted their price objective on Aritzia from C$158.00 to C$180.00 in a research note on Friday, May 8th. Raymond James Financial boosted their price objective on Aritzia from C$155.00 to C$200.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Aritzia from C$155.00 to C$171.00 in a research note on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$174.08.

Aritzia Stock Performance

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$18.25 billion, a P/E ratio of 49.79, a price-to-earnings-growth ratio of 1.19 and a beta of 2.01. The business has a 50 day moving average of C$138.32 and a 200-day moving average of C$124.16.

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