Aritzia (TSE:ATZ) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Aritzia Inc. (TSE:ATZ) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty 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

A number of equities analysts have commented on ATZ shares. Truist Financial lifted their target price on shares of Aritzia from C$116.00 to C$157.00 in a research note on Friday, January 9th. Canadian Imperial Bank of Commerce increased their price target on shares of Aritzia from C$132.00 to C$148.00 in a research note on Friday, January 9th. The Goldman Sachs Group upgraded shares of Aritzia to a “strong-buy” rating in a report on Thursday, December 11th. Desjardins lifted their price target on shares of Aritzia from C$125.00 to C$133.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Finally, TD Securities upped their price objective on Aritzia from C$133.00 to C$155.00 and gave the company a “buy” rating in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$139.67.

Aritzia Stock Performance

The stock has a market capitalization of C$12.83 billion, a PE ratio of 37.81, a price-to-earnings-growth ratio of 1.19 and a beta of 2.06. The firm’s fifty day moving average is C$119.07 and its 200-day moving average is C$105.93. The company has a current ratio of 1.44, a quick ratio of 0.19 and a debt-to-equity ratio of 77.42.

Aritzia (TSE:ATZ) last posted its earnings results on Thursday, January 8th. The company reported C$1.10 EPS 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 for the quarter. As a group, research analysts anticipate that Aritzia Inc. will post 1.7771148 earnings per share for the current year.

About Aritzia

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.