Aritzia (TSE:ATZ) Hits New 12-Month High - Here's Why

Key Points

• Aritzia hit a new 52-week high, trading as high as C$144.00 (last C$143.58) with about 306,409 shares changing hands and is up roughly 2.1% on the day.
• Several brokerages raised targets this month (notably Canaccord to C$164 and Truist to C$157), leaving the stock with a consensus Buy rating and a consensus price target of C$142.08.
• The company trades at a high valuation (PE ratio ~49.97), with a P/E/G of 1.19 and a debt-to-equity ratio of 77.42, indicating growth expectations but elevated leverage.

Aritzia Inc. (TSE:ATZ - Get Free Report)'s stock price hit a new 52-week high on Friday . The company traded as high as C$144.00 and last traded at C$143.58, with a volume of 306409 shares traded. The stock had previously closed at C$143.37.

Analyst Ratings Changes

A number of brokerages recently weighed in on ATZ. Canaccord Genuity Group upped their target price on shares of Aritzia from C$135.00 to C$164.00 and gave the stock a "buy" rating in a research report on Friday, January 9th. Canadian Imperial Bank of Commerce upped their target price on shares of Aritzia from C$132.00 to C$148.00 in a research report on Friday, January 9th. National Bank Financial set a C$143.00 price target on shares of Aritzia and gave the company an "outperform" rating in a research note on Thursday, April 9th. Raymond James Financial upped their price target on shares of Aritzia from C$110.00 to C$130.00 and gave the company an "outperform" rating in a research note on Wednesday, January 7th. Finally, Truist Financial upped their price target on shares of Aritzia from C$116.00 to C$157.00 in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$142.08.

Aritzia Trading Up 2.1%

The firm has a market cap of C$16.95 billion, a PE ratio of 49.97, a P/E/G ratio of 1.19 and a beta of 1.95. The company has a quick ratio of 0.19, a current ratio of 1.44 and a debt-to-equity ratio of 77.42. The company's 50 day moving average price is C$122.40 and its two-hundred day moving average price is C$114.46.

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.

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