Aritzia (TSE:ATZ) Reaches New 52-Week High on Analyst Upgrade

Aritzia Inc. (TSE:ATZ - Get Free Report)'s stock price reached a new 52-week high on Friday after BMO Capital Markets raised their price target on the stock from C$60.00 to C$65.00. BMO Capital Markets currently has an outperform rating on the stock. Aritzia traded as high as C$64.40 and last traded at C$63.38, with a volume of 250623 shares changing hands. The stock had previously closed at C$56.99.

Several other equities analysts also recently commented on the company. Raymond James downgraded Aritzia from an "outperform" rating to a "market perform" rating and increased their price target for the company from C$52.50 to C$58.00 in a report on Tuesday. Canaccord Genuity Group upped their target price on shares of Aritzia from C$56.00 to C$62.00 and gave the company a "buy" rating in a research note on Monday. Stifel Nicolaus boosted their price objective on shares of Aritzia from C$58.00 to C$66.00 and gave the stock a "buy" rating in a report on Tuesday. TD Securities lifted their target price on Aritzia from C$58.00 to C$68.00 and gave the stock a "buy" rating in a research report on Monday. Finally, CIBC boosted their price target on Aritzia from C$60.00 to C$63.00 and gave the company an "outperform" rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Aritzia presently has a consensus rating of "Moderate Buy" and a consensus target price of C$61.44.

Insider Activity

In related news, Director Jennifer Wong sold 20,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$174,800.00. In the last ninety days, insiders have sold 77,300 shares of company stock worth $3,565,800. Company insiders own 0.94% of the company's stock.

Aritzia Stock Performance

The firm has a fifty day simple moving average of C$49.39 and a 200-day simple moving average of C$46.33. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 97.38. The stock has a market cap of C$6.23 billion, a price-to-earnings ratio of 99.79, a P/E/G ratio of 1.19 and a beta of 1.83.

Aritzia (TSE:ATZ - Get Free Report) last posted its quarterly earnings data on Thursday, October 10th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.02). Aritzia had a return on equity of 9.84% and a net margin of 3.26%. The firm had revenue of C$615.66 million for the quarter, compared to analyst estimates of C$581.10 million. Analysts forecast that Aritzia Inc. will post 1.7771148 EPS for the current fiscal year.

About Aritzia

Aritzia Inc, together with its subsidiaries, designs, develops, and sells apparels and accessories for women in the United States and Canada. The company offers activewear, blazers and suiting, bodysuits, denim, dresses, jackets and coats, jumpsuits and rompers, leggings and bike shorts, pants, shirts and blouses, shorts, skirts, sweaters, and sweatpants, sweatshirts, hoodies, and sweats, as well as t-shirts, tops, intimates, bra tops, leaotards.