Aritzia (TSE:ATZ) Sets New 52-Week High - Here's What Happened

Key Points

• Aritzia Inc. achieved a new 52-week high, trading as high as C$77.87 before closing at C$76.30 with a volume of 114,594 shares.
• Analysts have increased price targets for Aritzia, with TD Securities giving a target of C$93.00 and Canaccord Genuity increasing theirs to C$95.00, both maintaining a "buy" rating.
• Recently, insider transactions included significant sales of stock, with insiders collectively selling 139,200 shares valued at over C$10 million in the last quarter.

Aritzia Inc. (TSE:ATZ - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as C$77.87 and last traded at C$76.30, with a volume of 114594 shares. The stock had previously closed at C$77.10.

Analyst Ratings Changes

ATZ has been the subject of several research analyst reports. TD Securities lifted 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. Canaccord Genuity Group increased their target price on Aritzia from C$84.00 to C$95.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Raymond James Financial lifted their price objective on shares of Aritzia from C$78.00 to C$87.00 and gave the company an "outperform" rating in a report on Friday, July 11th. UBS Group lifted their price objective on shares of Aritzia from C$61.00 to C$66.00 in a report on Friday, May 2nd. Finally, Royal Bank Of Canada lifted their price objective on shares of Aritzia from C$85.00 to C$94.00 in a report on Sunday, July 13th. Seven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Aritzia has an average rating of "Moderate Buy" and an average target price of C$85.78.

Aritzia Stock Down 2.2%

The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The company has a market capitalization of C$9.00 billion, a P/E ratio of 66.26, a PEG ratio of 1.19 and a beta of 1.83. The company has a 50 day moving average of C$72.19 and a 200-day moving average of C$62.89.

Insider Activity at Aritzia

In related news, Director Jennifer Wong sold 30,000 shares of the company's stock in a transaction on 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 Todd Jeremy Ingledew sold 30,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$67.92, for a total transaction of C$2,037,600.00. Insiders have sold a total of 139,200 shares of company stock valued at $10,061,977 over the last quarter. Company 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.

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