Aritzia (TSE:ATZ) Reaches New 12-Month Low – What’s Next?

Aritzia Inc. (TSE:ATZ) reached a new 52-week low during trading on Monday . The stock traded as low as C$0.01 and last traded at C$66.98, with a volume of 163599 shares changing hands. The stock had previously closed at C$66.64.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. TD Securities upped their price target on shares of Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a research note on Sunday, January 12th. Desjardins set a C$82.00 target price on Aritzia and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Canaccord Genuity Group lifted their price target on Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a research report on Sunday, January 12th. Raymond James raised their target price on Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. Finally, CIBC raised their price target on shares of Aritzia from C$63.00 to C$75.00 and gave the company an “outperform” rating in a report on Sunday, January 12th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$69.60.

Aritzia Trading Up 1.2 %

The stock has a 50 day moving average of C$64.91 and a 200 day moving average of C$53.06. 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 firm has a market cap of C$8.05 billion, a P/E ratio of 59.28, a PEG ratio of 1.19 and a beta of 1.83.

Insider Activity at Aritzia

In related news, Senior Officer Karen Kwan sold 29,966 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of C$65.96, for a total transaction of C$1,976,557.36. Also, Director Jennifer Wong sold 12,609 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of C$68.75, for a total value of C$866,868.75. In the last three months, insiders have sold 56,298 shares of company stock valued at $3,801,028. Corporate insiders own 0.94% of the company’s stock.

Aritzia Company Profile

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.