Aritzia (TSE:ATZ) Reaches New 52-Week High – Here’s Why

Shares of Aritzia Inc. (TSE:ATZ) hit a new 52-week high during trading on Monday . The company traded as high as C$112.48 and last traded at C$111.90, with a volume of 270832 shares. The stock had previously closed at C$110.50.

Analysts Set New Price Targets

ATZ has been the subject of a number of analyst reports. CIBC upped their price objective on shares of Aritzia from C$87.00 to C$94.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Truist Financial boosted their price target on Aritzia from C$102.00 to C$116.00 in a research note on Thursday, October 30th. Raymond James Financial raised their price objective on Aritzia from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Jefferies Financial Group lifted their price objective on Aritzia from C$87.00 to C$92.00 in a report on Friday, October 10th. Finally, Desjardins upped their target price on Aritzia from C$91.00 to C$95.00 in a research report on Friday, October 10th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$96.09.

Aritzia Trading Up 1.1%

The company has a market cap of C$12.88 billion, a P/E ratio of 46.56, a P/E/G ratio of 1.19 and a beta of 1.79. The business has a fifty day simple moving average of C$93.62 and a 200 day simple moving average of C$80.80. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29.

Aritzia (TSE:ATZ) last posted its quarterly earnings results on Thursday, October 9th. The company reported C$0.59 earnings per share (EPS) for the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%.The business had revenue of C$812.05 million for the quarter. Analysts anticipate 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.