Shares of Aritzia Inc. (TSE:ATZ - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as C$73.86 and last traded at C$73.76, with a volume of 800057 shares trading hands. The stock had previously closed at C$70.55.
Wall Street Analysts Forecast Growth
ATZ has been the subject of several recent analyst reports. Royal Bank Of Canada upped their price objective on shares of Aritzia from C$65.00 to C$68.00 and gave the stock an "outperform" rating in a research report on Sunday, May 4th. CIBC increased their price target on shares of Aritzia from C$57.00 to C$66.00 in a research report on Friday, May 2nd. Canaccord Genuity Group decreased their price objective on shares of Aritzia from C$70.00 to C$64.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Desjardins lowered their price objective on shares of Aritzia from C$82.00 to C$66.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, BMO Capital Markets raised their target price on Aritzia from C$75.00 to C$80.00 in a report on Friday, June 13th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$68.70.
Read Our Latest Stock Analysis on Aritzia
Aritzia Price Performance
The business's 50-day simple moving average is C$63.80 and its two-hundred day simple moving average is C$59.83. The stock has a market cap of C$8.85 billion, a price-to-earnings ratio of 65.18, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19.
Insider Activity
In related news, Senior Officer Todd Jeremy Ingledew sold 30,000 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of C$67.92, for a total transaction of C$2,037,600.00. Also, Director Jennifer Wong sold 15,000 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of C$68.25, for a total value of C$1,023,750.00. In the last ninety days, insiders sold 60,000 shares of company stock worth $4,042,550. Insiders own 0.94% of the company's stock.
About Aritzia
(
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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.
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