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

Aritzia Inc. (TSE:ATZ)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$117.44 and traded as low as C$110.05. Aritzia shares last traded at C$112.56, with a volume of 528,449 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ATZ shares. Desjardins increased their price target on Aritzia from C$125.00 to C$133.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Truist Financial increased their target price on shares of Aritzia from C$116.00 to C$157.00 in a research note on Friday, January 9th. TD Securities boosted their price target on shares of Aritzia from C$133.00 to C$155.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Wells Fargo & Company upped their price objective on shares of Aritzia from C$110.00 to C$120.00 in a report on Friday, January 9th. Finally, Raymond James Financial lifted their target price on shares of Aritzia from C$110.00 to C$130.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$137.42.

Aritzia Price Performance

The company’s 50-day moving average price is C$117.44 and its 200-day moving average price is C$97.39. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The firm has a market cap of C$13.03 billion, a price-to-earnings ratio of 38.42, a PEG ratio of 1.19 and a beta of 2.09.

Aritzia (TSE:ATZ) last announced its earnings results on Thursday, January 8th. The company reported C$1.10 earnings per share for the quarter. The firm had revenue of C$1.04 billion for the quarter. Aritzia had a net margin of 5.24% and a return on equity of 15.24%. On average, equities research analysts forecast 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.