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

Key Points

• Aritzia's stock reached a new 52-week high at C$83.47, indicating strong market performance with a volume of 241,882 shares traded.
• Analysts have shown confidence in Aritzia, raising their price targets, with the average target now at C$85.70 and eight out of nine analysts rating the stock as a "Buy."
• Insider selling activity was noted, with significant shares sold by company director Jennifer Wong and senior officer Karen Kwan totaling over C$1.7 million in sales.

Shares of Aritzia Inc. (TSE:ATZ - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$83.47 and last traded at C$83.47, with a volume of 241882 shares changing hands. The stock had previously closed at C$82.22.

Analysts Set New Price Targets

ATZ has been the subject of several recent analyst reports. TD Securities upped their price target on Aritzia from C$81.00 to C$93.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. CIBC boosted their target price on Aritzia from C$79.00 to C$87.00 in a report on Friday, July 11th. Stifel Nicolaus increased their price target on Aritzia from C$67.00 to C$82.00 in a report on Friday, July 11th. Raymond James Financial lifted their price target on shares of Aritzia from C$78.00 to C$87.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. Finally, Royal Bank Of Canada upped their price objective on shares of Aritzia from C$85.00 to C$94.00 in a report on Sunday, July 13th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$85.70.

Aritzia Trading Down 2.2%

The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The firm has a market capitalization of C$9.57 billion, a price-to-earnings ratio of 41.70, a P/E/G ratio of 1.19 and a beta of 1.76. The business has a 50-day moving average of C$75.76 and a two-hundred day moving average of C$63.96.

Insider Buying and Selling

In related news, Director Jennifer Wong sold 30,000 shares of Aritzia stock in a transaction dated Monday, July 21st. The stock was sold at an average price of C$75.00, for a total value of C$2,250,000.00. Also, Senior Officer Karen Kwan sold 3,000 shares of the company's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of C$75.00, for a total transaction of C$225,000.00. Insiders sold a total of 94,200 shares of company stock valued at $7,000,627 in the last ninety days. Insiders own 0.94% of the company's stock.

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.