Aritzia (TSE:ATZ) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of Aritzia Inc. (TSE:ATZ) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$140.71 and traded as low as C$123.95. Aritzia shares last traded at C$128.67, with a volume of 435,171 shares changing hands.

Analysts Set New Price Targets

Several research firms have weighed in on ATZ. UBS Group increased their price target on shares of Aritzia from C$189.00 to C$204.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Royal Bank Of Canada boosted their price objective on shares of Aritzia from C$193.00 to C$202.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Desjardins set a C$175.00 target price on Aritzia and gave the stock a “buy” rating in a report on Wednesday, July 8th. BMO Capital Markets raised their target price on Aritzia from C$188.00 to C$196.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Finally, Stifel Nicolaus lifted their target price on Aritzia from C$180.00 to C$190.00 and gave the company a “buy” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$183.13.

Aritzia Stock Performance

The company has a current ratio of 1.39, a quick ratio of 0.19 and a debt-to-equity ratio of 76.35. The company has a market cap of C$14.74 billion, a P/E ratio of 33.60, a PEG ratio of 1.19 and a beta of 2.04. The business’s 50 day simple moving average is C$140.71 and its 200 day simple moving average is C$137.29.

Aritzia (TSE:ATZ) last posted its quarterly earnings results on Thursday, July 9th. The company reported C$0.96 earnings per share for the quarter. The business had revenue of C$951.01 million during the quarter. Aritzia had a net margin of 11.45% and a return on equity of 34.33%. Sell-side analysts predict that Aritzia Inc. will post 1.7771148 earnings per share for the current fiscal year.

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