Aritzia (TSE:ATZ) Reaches New 12-Month High Following Analyst Upgrade

Aritzia Inc. (TSE:ATZ - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday after Royal Bank Of Canada raised their price target on the stock from C$68.00 to C$85.00. Royal Bank Of Canada currently has an outperform rating on the stock. Aritzia traded as high as C$75.72 and last traded at C$74.15, with a volume of 518468 shares trading hands. The stock had previously closed at C$74.02.

Several other equities research analysts have also recently commented on the company. BMO Capital Markets upped their price target on Aritzia from C$75.00 to C$80.00 in a research note on Friday, June 13th. Stifel Nicolaus cut their price target on Aritzia from C$73.00 to C$66.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Canaccord Genuity Group cut their price target on Aritzia from C$70.00 to C$64.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. CIBC upped their target price on shares of Aritzia from C$57.00 to C$66.00 in a research report on Friday, May 2nd. Finally, Desjardins lowered their target price on shares of Aritzia from C$82.00 to C$66.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$70.40.

Insider Activity at Aritzia

In other news, Senior Officer Todd Jeremy Ingledew sold 30,000 shares of Aritzia stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$67.92, for a total value of C$2,037,600.00. Also, Director Jennifer Wong sold 15,000 shares of Aritzia stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of C$68.25, for a total value of C$1,023,750.00. Insiders have sold a total of 60,000 shares of company stock valued at $4,042,550 over the last quarter. Insiders own 0.94% of the company's stock.

Aritzia Stock Down 0.1%

The firm has a market capitalization of C$8.84 billion, a price-to-earnings ratio of 65.07, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. 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 firm has a 50 day moving average price of C$65.39 and a two-hundred day moving average price of C$60.41.

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.