Aritzia (TSE:ATZ) Hits New 52-Week High - Should You Buy?

Key Points

• Aritzia's stock reached a new 52-week high, trading as high as C$91.29, with a last traded price of C$90.33.
• Multiple brokerages have increased their price targets for Aritzia stock, with the consensus rating at "Buy" and an average target price of C$93.91.
• Insider selling activity was noted, with significant sales by two executives, indicating potential concerns about stock valuation amidst rising prices.

Aritzia Inc. (TSE:ATZ - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The stock traded as high as C$91.29 and last traded at C$90.33, with a volume of 83086 shares trading hands. The stock had previously closed at C$90.08.

Analysts Set New Price Targets

Several brokerages recently commented on ATZ. Royal Bank Of Canada boosted their price objective on shares of Aritzia from C$85.00 to C$94.00 in a research note on Sunday, July 13th. Truist Financial boosted their price objective on shares of Aritzia from C$95.00 to C$102.00 in a research note on Friday, October 10th. BMO Capital Markets boosted their price objective on shares of Aritzia from C$100.00 to C$104.00 in a research note on Friday, October 10th. Canaccord Genuity Group reduced their price objective on shares of Aritzia from C$95.00 to C$93.00 in a research note on Friday, October 10th. Finally, TD Securities boosted their price objective on shares of Aritzia from C$81.00 to C$93.00 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 data from MarketBeat.com, Aritzia has a consensus rating of "Buy" and an average target price of C$93.91.

Aritzia Price Performance

The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. The stock has a market capitalization of C$10.29 billion, a PE ratio of 37.19, a PEG ratio of 1.19 and a beta of 1.89. The business has a fifty day moving average price of C$82.50 and a 200-day moving average price of C$69.39.

Insider Activity

In other news, Senior Officer Philippa (Pippa) Morgan sold 1,937 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of C$73.42, for a total value of C$142,214.54. Also, Director Jennifer Wong sold 30,000 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of C$75.00, for a total transaction of C$2,250,000.00. Insiders have sold a total of 51,937 shares of company stock worth $3,902,215 over the last quarter. Corporate insiders own 0.94% of the company's stock.

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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