Aritzia (TSE:ATZ) Share Price Passes Below 50 Day Moving Average – What’s Next?
by Jessica Moore · The Cerbat GemAritzia Inc. (TSE:ATZ – Get Free Report)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$120.12 and traded as low as C$114.66. Aritzia shares last traded at C$119.77, with a volume of 518,145 shares.
Analysts Set New Price Targets
Several equities research analysts have weighed in on ATZ shares. The Goldman Sachs Group raised Aritzia to a “strong-buy” rating in a research note on Thursday, December 11th. Jefferies Financial Group raised their target price on shares of Aritzia from C$114.00 to C$140.00 in a report on Tuesday, January 6th. TD Securities upped their price target on shares of Aritzia from C$133.00 to C$155.00 and gave the company a “buy” rating in a report on Friday, January 9th. Canadian Imperial Bank of Commerce boosted their target price on Aritzia from C$132.00 to C$148.00 in a research report on Friday, January 9th. Finally, BMO Capital Markets upped their price objective on Aritzia from C$160.00 to C$163.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$139.67.
Get Our Latest Analysis on ATZ
Aritzia Stock Performance
The firm’s 50 day moving average is C$120.25 and its 200 day moving average is C$103.66. The company has a debt-to-equity ratio of 77.42, a quick ratio of 0.19 and a current ratio of 1.44. The stock has a market cap of C$13.66 billion, a P/E ratio of 40.27, a price-to-earnings-growth ratio of 1.19 and a beta of 2.09.
Aritzia (TSE:ATZ – Get Free Report) last posted its quarterly earnings data on Thursday, January 8th. The company reported C$1.10 earnings per share (EPS) for the quarter. The firm had revenue of C$1.04 billion for the quarter. Aritzia had a net margin of 10.18% and a return on equity of 29.12%. Analysts anticipate that Aritzia Inc. will post 1.7771148 EPS for the current 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.