Aritzia (TSE:ATZ) Reaches New 1-Year High - Here's Why

Key Points

• Aritzia Inc. recently hit a new 52-week high at C$87.89, closing at C$86.57 with a trading volume of 794,737 shares.
• Several analysts raised their price targets for Aritzia's shares, with Canaccord Genuity Group increasing it from C$84.00 to C$95.00 and maintaining a "buy" rating.
• Corporate insiders have sold a total of 94,200 shares worth over $7 million in the last ninety days, indicating potential concerns about the stock's current valuation.

Shares of Aritzia Inc. (TSE:ATZ - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$87.89 and last traded at C$86.57, with a volume of 794737 shares changing hands. The stock had previously closed at C$87.21.

Analyst Upgrades and Downgrades

ATZ has been the subject of several analyst reports. CIBC increased their price target on shares of Aritzia from C$79.00 to C$87.00 in a research report on Friday, July 11th. Stifel Nicolaus increased their price target on shares of Aritzia from C$67.00 to C$82.00 in a research report on Friday, July 11th. Truist Financial set a C$85.00 price target on shares of Aritzia and gave the company a "buy" rating in a research report on Thursday, August 21st. BMO Capital Markets increased their price target on shares of Aritzia from C$80.00 to C$84.00 in a research report on Thursday, July 10th. Finally, TD Securities increased their price target on shares of Aritzia from C$81.00 to C$93.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Aritzia presently has a consensus rating of "Moderate Buy" and an average price target of C$85.70.

Aritzia Trading Up 1.0%

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 stock has a market cap of C$10.31 billion, a price-to-earnings ratio of 44.90, a P/E/G ratio of 1.19 and a beta of 1.76. The company's fifty day moving average price is C$78.28 and its 200-day moving average price is C$65.33.

Insider Activity at Aritzia

In other news, Director Jennifer Wong sold 30,000 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of C$75.00, for a total transaction of C$2,250,000.00. Also, Senior Officer Todd Jeremy Ingledew sold 13,975 shares of the stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of C$75.00, for a total transaction of C$1,048,125.00. In the last three months, insiders have sold 94,200 shares of company stock worth $7,000,627. 0.94% of the stock is owned by insiders.

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.