Aritzia (TSE:ATZ) Shares Pass Below Fifty Day Moving Average – Here’s Why

Aritzia Inc. (TSE:ATZ)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$152.80 and traded as low as C$134.28. Aritzia shares last traded at C$137.72, with a volume of 626,207 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ATZ shares. Ventum Financial upped their price target on shares of Aritzia from C$180.00 to C$186.00 and gave the company a “neutral” rating in a report on Friday, July 10th. UBS Group lifted their price target on Aritzia from C$189.00 to C$204.00 and gave the company a “buy” rating in a report on Friday, June 26th. TD upped their price objective on shares of Aritzia from C$183.00 to C$200.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Canadian Imperial Bank of Commerce upped their target price on Aritzia from C$155.00 to C$171.00 in a research report on Sunday, May 10th. Finally, National Bank Financial increased their price target on shares of Aritzia from C$171.00 to C$175.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$183.13.

Aritzia Stock Performance

The stock’s 50-day moving average price is C$152.64 and its 200 day moving average price is C$134.24. The company has a quick ratio of 0.19, a current ratio of 1.39 and a debt-to-equity ratio of 76.35. The company has a market cap of C$15.87 billion, a P/E ratio of 36.17, a price-to-earnings-growth ratio of 1.19 and a beta of 2.03.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Thursday, July 9th. The company reported C$0.96 earnings per share (EPS) 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%. As a group, research analysts expect that Aritzia Inc. will post 1.7771148 EPS for the current fiscal 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.