Aritzia (TSE:ATZ) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Aritzia Inc. (TSE:ATZ) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$119.51 and traded as low as C$112.11. Aritzia shares last traded at C$115.09, with a volume of 564,387 shares changing hands.

Analysts Set New Price Targets

ATZ has been the subject of several recent research reports. Canadian Imperial Bank of Commerce upped their price objective on Aritzia from C$132.00 to C$148.00 in a research report on Friday, January 9th. BMO Capital Markets lifted their target price on Aritzia from C$160.00 to C$163.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Stifel Nicolaus boosted their target price on Aritzia from C$132.00 to C$150.00 and gave the company a “buy” rating in a research note on Sunday, January 11th. Canaccord Genuity Group raised their price target on shares of Aritzia from C$135.00 to C$164.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Finally, Truist Financial lifted their price objective on shares of Aritzia from C$116.00 to C$157.00 in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$139.67.

Aritzia Price Performance

The stock has a market capitalization of C$13.32 billion, a P/E ratio of 39.28, a price-to-earnings-growth ratio of 1.19 and a beta of 2.06. The company has a debt-to-equity ratio of 77.42, a current ratio of 1.44 and a quick ratio of 0.19. The company’s 50-day simple moving average is C$119.51 and its 200-day simple moving average is C$105.68.

Aritzia (TSE:ATZ) last announced its quarterly earnings data on Thursday, January 8th. The company reported C$1.10 EPS for the quarter. The company had revenue of C$1.04 billion during the quarter. Aritzia had a net margin of 10.18% and a return on equity of 29.12%. As a group, sell-side analysts expect that Aritzia Inc. will post 1.7771148 EPS 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.