Aritzia (TSE:ATZ) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Aritzia Inc. (TSE:ATZ – Get Free Report) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$136.21 and traded as low as C$119.00. Aritzia shares last traded at C$119.36, with a volume of 528,320 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ATZ shares. National Bank Financial upped their price objective on Aritzia from C$171.00 to C$175.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Royal Bank Of Canada lifted their target price on Aritzia from C$193.00 to C$202.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Stifel Nicolaus increased their price target on Aritzia from C$180.00 to C$190.00 and gave the company a “buy” rating in a report on Friday, July 10th. Ventum Financial raised their price target on Aritzia from C$180.00 to C$186.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Finally, UBS Group lifted their price objective on shares of Aritzia from C$189.00 to C$204.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Aritzia currently has a consensus rating of “Moderate Buy” and a consensus target price of C$183.13.

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Read Our Latest Analysis on ATZ

Aritzia Price Performance

The stock has a market capitalization of C$14.09 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 1.19 and a beta of 2.04. 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 stock’s 50 day moving average price is C$135.61 and its 200-day moving average price is C$137.26.

Aritzia (TSE:ATZ – Get Free Report) last posted its quarterly earnings results on Thursday, July 9th. The company reported C$0.96 EPS for the quarter. The company had revenue of C$951.01 million for the quarter. Aritzia had a net margin of 11.45% and a return on equity of 34.33%. As a group, equities analysts forecast that Aritzia Inc. will post 1.7771148 EPS for the current year.

About Aritzia

(Get Free Report)

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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