Aritzia (TSE:ATZ) Sets New 12-Month High – Still a Buy?

Aritzia Inc. (TSE:ATZ – Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as C$174.19 and last traded at C$174.12, with a volume of 40149 shares traded. The stock had previously closed at C$168.52.

Wall Street Analysts Forecast Growth

ATZ has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on shares of Aritzia from C$158.00 to C$180.00 in a research report on Friday, May 8th. TD upped their price objective on shares of Aritzia from C$155.00 to C$183.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Truist Financial upped their price objective on shares of Aritzia from C$164.00 to C$185.00 in a research note on Friday, May 8th. BMO Capital Markets upped their price objective on shares of Aritzia from C$163.00 to C$188.00 in a research note on Friday, May 8th. Finally, Royal Bank Of Canada upped their price objective on shares of Aritzia from C$175.00 to C$193.00 and gave the company an “outperform” rating in a research note on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$174.08.

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Aritzia Price Performance

The company has a debt-to-equity ratio of 73.16, a quick ratio of 0.19 and a current ratio of 1.43. The stock has a market capitalization of C$19.59 billion, a PE ratio of 53.43, a P/E/G ratio of 1.19 and a beta of 2.01. The stock’s 50-day moving average is C$142.59 and its 200 day moving average is C$125.85.

About Aritzia

(Get Free Report)

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. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.

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