Aritzia (TSE:ATZ) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Aritzia Inc. (TSE:ATZ) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$117.44 and traded as low as C$110.05. Aritzia shares last traded at C$112.56, with a volume of 528,449 shares trading hands.

Wall Street Analyst Weigh In

ATZ has been the subject of a number of research reports. Jefferies Financial Group upped their price objective on shares of Aritzia from C$114.00 to C$140.00 in a research note on Tuesday, January 6th. TD Securities upped their price target on shares of Aritzia from C$133.00 to C$155.00 and gave the company a “buy” rating in a research report on Friday, January 9th. The Goldman Sachs Group raised Aritzia to a “strong-buy” rating in a research note on Thursday, December 11th. Wells Fargo & Company lifted their price objective on Aritzia from C$110.00 to C$120.00 in a report on Friday, January 9th. Finally, BMO Capital Markets increased their target price on Aritzia from C$133.00 to C$136.00 and gave the company an “outperform” rating in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$137.42.

Aritzia Stock Up 2.8%

The company has a market capitalization of C$13.03 billion, a P/E ratio of 38.42, a PEG ratio of 1.19 and a beta of 2.09. 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 company has a 50 day moving average of C$117.44 and a 200-day moving average of C$97.56.

Aritzia (TSE:ATZ) last released its quarterly earnings results on Thursday, January 8th. The company reported C$1.10 EPS for the quarter. The business had revenue of C$1.04 billion during the quarter. Aritzia had a return on equity of 15.24% and a net margin of 5.24%. As a group, equities analysts anticipate that Aritzia Inc. will post 1.7771148 EPS for the current 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.