Aritzia (TSE:ATZ) Hits New 1-Year High – Still a Buy?

Aritzia Inc. (TSE:ATZ) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$158.41 and last traded at C$154.60, with a volume of 381235 shares trading hands. The stock had previously closed at C$154.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ATZ shares. Stifel Nicolaus upped their price objective on shares of Aritzia from C$158.00 to C$180.00 in a report on Friday, May 8th. Desjardins upped their price objective on shares of Aritzia from C$148.00 to C$175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. National Bank Financial upped their price objective on shares of Aritzia from C$143.00 to C$171.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Wells Fargo & Company upped their price objective on shares of Aritzia from C$110.00 to C$140.00 in a report on Wednesday, April 29th. Finally, Raymond James Financial upped their price objective on shares of Aritzia from C$155.00 to C$200.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$174.08.

Aritzia Trading Down 0.1%

The firm has a market cap of C$17.71 billion, a PE ratio of 48.31, a PEG ratio of 1.19 and a beta of 2.11. The company has a quick ratio of 0.19, a current ratio of 1.43 and a debt-to-equity ratio of 73.16. The stock’s fifty day simple moving average is C$133.52 and its two-hundred day simple moving average is C$122.00.

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