Aritzia (TSE:ATZ) Shares Cross Below 50 Day Moving Average - What's Next?

Aritzia Inc. (TSE:ATZ - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$55.86 and traded as low as C$41.00. Aritzia shares last traded at C$41.80, with a volume of 617,883 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ATZ shares. TD Securities lowered their price target on Aritzia from C$75.00 to C$74.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Raymond James raised shares of Aritzia from a "market perform" rating to an "outperform" rating and lowered their target price for the stock from C$65.00 to C$55.00 in a report on Tuesday. CIBC dropped their target price on shares of Aritzia from C$75.00 to C$57.00 in a research report on Thursday, April 17th. Canaccord Genuity Group lifted their price target on shares of Aritzia from C$62.00 to C$70.00 and gave the company a "buy" rating in a report on Sunday, January 12th. Finally, Royal Bank of Canada increased their price objective on shares of Aritzia from C$65.00 to C$73.00 and gave the company an "outperform" rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$66.40.

Aritzia Stock Up 3.2 %

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 company has a 50 day simple moving average of C$53.62 and a two-hundred day simple moving average of C$53.89. The company has a market capitalization of C$5.26 billion, a P/E ratio of 38.72, a PEG ratio of 1.19 and a beta of 1.83.

Insider Activity

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 3,023 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of C$70.10, for a total transaction of C$211,912.30. Also, Senior Officer Margot Johnson sold 3,500 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of C$72.14, for a total value of C$252,490.00. Corporate insiders own 0.94% of the company's stock.

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.