Aritzia (TSE:ATZ) Hits New 12-Month High - Should You Buy?

Shares of Aritzia Inc. (TSE:ATZ - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$73.00 and last traded at C$71.69, with a volume of 650282 shares traded. The stock had previously closed at C$71.17.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ATZ shares. BMO Capital Markets lifted their price target on shares of Aritzia from C$60.00 to C$65.00 and gave the company an "outperform" rating in a research report on Thursday, January 9th. Stifel Nicolaus raised their price objective on Aritzia from C$66.00 to C$70.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Royal Bank of Canada boosted their target price on Aritzia from C$65.00 to C$73.00 and gave the stock an "outperform" rating in a report on Monday, January 13th. CIBC raised their price target on Aritzia from C$63.00 to C$75.00 and gave the company an "outperform" rating in a report on Sunday, January 12th. Finally, Raymond James raised their price objective on shares of Aritzia from C$58.00 to C$65.00 and gave the company a "market perform" rating in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$66.56.

Aritzia Stock Performance

The company has a market cap of C$6.42 billion, a PE ratio of 102.85, a PEG ratio of 1.19 and a beta of 1.83. 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 business's 50 day moving average is C$56.46 and its two-hundred day moving average is C$49.48.

Insider Buying and Selling

In other news, Senior Officer Karen Kwan sold 29,966 shares of the business's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of C$65.96, for a total value of C$1,976,557.36. Also, Director Jennifer Wong sold 2,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$46.00, for a total transaction of C$92,000.00. Over the last quarter, insiders sold 125,098 shares of company stock worth $6,884,338. 0.94% of the stock is owned by insiders.

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.