Aritzia (TSE:ATZ) Hits New 1-Year High – Still a Buy?

Shares of Aritzia Inc. (TSE:ATZ) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$158.41 and last traded at C$154.60, with a volume of 381235 shares changing hands. The stock had previously closed at C$154.80.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. National Bank Financial raised their price target on shares of Aritzia from C$143.00 to C$171.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Desjardins raised their price target on shares of Aritzia from C$148.00 to C$175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Royal Bank Of Canada raised their price target on shares of Aritzia from C$175.00 to C$193.00 and gave the stock an “outperform” rating in a report on Sunday, May 10th. BMO Capital Markets raised their price target on shares of Aritzia from C$163.00 to C$188.00 in a report on Friday, May 8th. Finally, Stifel Nicolaus raised their price target on shares of Aritzia from C$158.00 to C$180.00 in a 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’s stock. According to data from MarketBeat.com, Aritzia presently has an average rating of “Buy” and an average price target of C$174.08.

Aritzia Stock Performance

The company’s 50-day moving average price is C$133.52 and its 200 day moving average price is C$122.00. 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 stock has a market capitalization of C$17.71 billion, a PE ratio of 48.31, a PEG 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.