Aritzia Inc. (TSE:ATZ – Get Free Report) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$144.27 and traded as low as C$130.64. Aritzia shares last traded at C$131.19, with a volume of 396,836 shares traded.
Analysts Set New Price Targets
ATZ has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on Aritzia from C$180.00 to C$190.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Truist Financial raised their target price on shares of Aritzia from C$164.00 to C$185.00 in a research note on Friday, May 8th. Raymond James Financial lifted their price target on shares of Aritzia from C$155.00 to C$200.00 and gave the company an “outperform” rating in a report on Monday, May 11th. BMO Capital Markets increased their price objective on shares of Aritzia from C$188.00 to C$196.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Finally, Desjardins set a C$175.00 price objective on shares of Aritzia and gave the company a “buy” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$183.13.
Get Our Latest Research Report on Aritzia
Aritzia Stock Down 0.4%
Aritzia (TSE:ATZ – Get Free Report) last released its quarterly earnings data on Thursday, July 9th. The company reported C$0.96 earnings per share (EPS) for the quarter. Aritzia had a net margin of 11.45% and a return on equity of 34.33%. The firm had revenue of C$951.01 million for the quarter. On average, equities analysts predict 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.
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