Aritzia (TSE:ATZ) Hits New 12-Month High - What's Next?

Key Points

• Aritzia's stock hit a new 52-week high at C$91.25, closing recently at C$89.57, with a trading volume of 287,073 shares.
• Analysts are optimistic, with several firms upgrading Aritzia's target price, pushing it as high as C$100.00, and giving the stock an average rating of "Buy."
• Insider selling activity has been notable, with Senior Officer Karen Kwan and Director Jennifer Wong selling a combined total of C$1,735,000 worth of shares recently.

Aritzia Inc. (TSE:ATZ - Get Free Report)'s stock price reached a new 52-week high on Friday . The stock traded as high as C$91.25 and last traded at C$89.57, with a volume of 287073 shares traded. The stock had previously closed at C$79.54.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Raymond James Financial boosted their target price on shares of Aritzia from C$78.00 to C$87.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. Royal Bank Of Canada lifted their price objective on shares of Aritzia from C$85.00 to C$94.00 in a research note on Sunday, July 13th. CIBC lifted their price objective on shares of Aritzia from C$87.00 to C$94.00 and gave the company an "outperform" rating in a research note on Wednesday, October 1st. BMO Capital Markets lifted their price objective on shares of Aritzia from C$92.00 to C$100.00 in a research note on Tuesday, September 23rd. Finally, Canaccord Genuity Group lifted their price objective on shares of Aritzia from C$84.00 to C$95.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat, Aritzia presently has an average rating of "Buy" and a consensus target price of C$89.40.

Aritzia Stock Performance

The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. The firm's 50 day moving average is C$81.10 and its 200-day moving average is C$68.17. The stock has a market capitalization of C$9.99 billion, a price-to-earnings ratio of 43.51, a PEG ratio of 1.19 and a beta of 1.89.

Insider Activity at Aritzia

In related news, Senior Officer Karen Kwan sold 3,000 shares of the business's stock in a transaction on Friday, July 18th. The shares were sold at an average price of C$75.00, for a total value of C$225,000.00. Also, Director Jennifer Wong sold 20,000 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of C$75.50, for a total transaction of C$1,510,000.00. Insiders sold a total of 94,200 shares of company stock worth $7,000,627 in the last quarter. 0.94% of the stock is owned by insiders.

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.

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