Aritzia (TSE:ATZ) Share Price Crosses Below 50-Day Moving Average - Here's Why

Key Points

• Aritzia shares fell below their 50-day moving average, trading as low as C$119.00 versus the C$136.21 average, and last changed hands at C$119.36.
• Despite the technical decline, analysts remain broadly positive: Aritzia has a “Moderate Buy” consensus rating and an average price target of C$183.13, with several firms recently raising targets.
• The company reported quarterly EPS of C$0.96 on revenue of C$951.01 million, with an 11.45% net margin and 34.33% return on equity.

Aritzia Inc. (TSE:ATZ - Get Free Report)'s share price passed 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.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. TD boosted their price target on Aritzia from C$183.00 to C$200.00 and gave the company a "buy" rating in a report on Friday, July 10th. Canaccord Genuity Group raised their price objective on shares of Aritzia from C$182.00 to C$193.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Ventum Financial lifted their target price on shares of Aritzia from C$180.00 to C$186.00 and gave the company a "neutral" rating in a report on Friday, July 10th. National Bank Financial boosted their target price on shares of Aritzia from C$171.00 to C$175.00 and gave the company an "outperform" rating in a research note on Monday, June 29th. Finally, UBS Group increased their price target on shares of Aritzia from C$189.00 to C$204.00 and gave the stock a "buy" rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Aritzia currently has an average rating of "Moderate Buy" and a consensus target price of C$183.13.

Aritzia Price Performance

The company has a debt-to-equity ratio of 76.35, a current ratio of 1.39 and a quick ratio of 0.19. The stock has a 50 day moving average price of C$136.21 and a 200-day moving average price of C$137.28. The stock has a market capitalization of C$13.68 billion, a price-to-earnings ratio of 31.16, a price-to-earnings-growth ratio of 1.19 and a beta of 2.04.

Aritzia (TSE:ATZ - Get Free Report) last issued its earnings results on Thursday, July 9th. The company reported C$0.96 EPS for the quarter. Aritzia had a net margin of 11.45% and a return on equity of 34.33%. The business had revenue of C$951.01 million during the quarter. On average, analysts forecast that Aritzia Inc. will post 1.7771148 earnings per share 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.

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