Aritzia (TSE:ATZ) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Aritzia Inc. (TSE:ATZ) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$115.90 and traded as low as C$109.20. Aritzia shares last traded at C$113.52, with a volume of 533,913 shares changing hands.

Analyst Ratings Changes

ATZ has been the topic of a number of research reports. Canadian Imperial Bank of Commerce upped their price target on Aritzia from C$132.00 to C$148.00 in a research note on Friday, January 9th. Truist Financial lifted their price objective on Aritzia from C$116.00 to C$157.00 in a research note on Friday, January 9th. Stifel Nicolaus boosted their price objective on Aritzia from C$132.00 to C$150.00 and gave the company a “buy” rating in a report on Sunday, January 11th. Wells Fargo & Company increased their target price on Aritzia from C$110.00 to C$120.00 in a research note on Friday, January 9th. Finally, Canaccord Genuity Group raised their target price on Aritzia from C$135.00 to C$164.00 and gave the company a “buy” rating in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$139.67.

Aritzia Stock Down 1.3%

The firm has a market cap of C$13.23 billion, a PE ratio of 38.99, a price-to-earnings-growth ratio of 1.19 and a beta of 2.06. The company has a quick ratio of 0.19, a current ratio of 1.44 and a debt-to-equity ratio of 77.42. The business has a 50-day moving average price of C$115.60 and a two-hundred day moving average price of C$107.87.

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