Aritzia (TSE:ATZ) Sets New 52-Week High at $48.24

Aritzia Inc. (TSE:ATZ)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$48.24 and last traded at C$48.23, with a volume of 418746 shares traded. The stock had previously closed at C$46.68.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Royal Bank of Canada raised their price target on Aritzia from C$46.00 to C$47.00 in a research report on Friday, July 12th. BMO Capital Markets lifted their price target on shares of Aritzia from C$50.00 to C$52.00 in a research note on Friday, July 12th. Raymond James increased their price objective on shares of Aritzia from C$43.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Canaccord Genuity Group boosted their price objective on shares of Aritzia from C$46.00 to C$52.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, CIBC increased their target price on Aritzia from C$41.00 to C$47.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$50.00.

Aritzia Stock Up 4.3 %

The firm’s 50-day simple moving average is C$45.35 and its 200 day simple moving average is C$39.33. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. The stock has a market capitalization of C$4.47 billion, a P/E ratio of 71.60, a PEG ratio of 1.19 and a beta of 1.82.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, July 11th. The company reported C$0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.13 by C$0.03. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. The company had revenue of C$498.63 million for the quarter, compared to analysts’ expectations of C$487.16 million. As a group, research analysts expect that Aritzia Inc. will post 1.799772 EPS for the current year.

Insider Transactions at Aritzia

In other news, Senior Officer Karen Kwan sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of C$47.70, for a total value of C$477,000.00. In related news, Senior Officer Karen Kwan sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of C$47.70, for a total value of C$477,000.00. Also, Director Jennifer Wong sold 11,800 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of C$47.75, for a total transaction of C$563,450.00. 0.94% of the stock is owned by company insiders.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.