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 traded.

Analyst Upgrades and Downgrades

ATZ has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on Aritzia from C$132.00 to C$150.00 and gave the stock a “buy” rating in a research report on Sunday, January 11th. Truist Financial increased their price target on shares of Aritzia from C$116.00 to C$157.00 in a research report on Friday, January 9th. Desjardins boosted their price objective on shares of Aritzia from C$125.00 to C$133.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Raymond James Financial upped their target price on shares of Aritzia from C$110.00 to C$130.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Finally, Jefferies Financial Group increased their target price on shares of Aritzia from C$114.00 to C$140.00 in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Aritzia currently has a consensus rating of “Buy” and a consensus price target of C$139.67.

Aritzia Stock Performance

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 stock’s 50 day simple moving average is C$119.51 and its two-hundred day simple moving average is C$105.68. The stock has a market cap 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.

Aritzia (TSE:ATZ) last released its quarterly earnings results on Thursday, January 8th. The company reported C$1.10 earnings per share for the quarter. Aritzia had a net margin of 10.18% and a return on equity of 29.12%. The company had revenue of C$1.04 billion during the quarter. As a group, research analysts forecast 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.