Aritzia (TSE:ATZ) Shares Cross Below 50 Day Moving Average – Time to Sell?

Shares of Aritzia Inc. (TSE:ATZ) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$63.71 and traded as low as C$49.68. Aritzia shares last traded at C$50.83, with a volume of 607,694 shares.

Analyst Upgrades and Downgrades

ATZ has been the topic of several recent research reports. Desjardins set a C$82.00 target price on shares of Aritzia and gave the company a “buy” rating in a research report on Wednesday, February 26th. CIBC lowered their target price on shares of Aritzia from C$1.80 to C$1.20 and set an “underperform” rating on the stock in a report on Friday, March 14th. Royal Bank of Canada lifted their price target 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. Stifel Nicolaus set a C$73.00 price objective on shares of Aritzia and gave the stock a “buy” rating in a research note on Thursday, March 13th. Finally, Canaccord Genuity Group lifted their target price on shares of Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a research note on Sunday, January 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$62.42.

Aritzia Stock Down 4.2 %

The firm’s 50-day moving average is C$63.71 and its two-hundred day moving average is C$54.46. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. The stock has a market cap of C$6.06 billion, a P/E ratio of 44.66, a PEG ratio of 1.19 and a beta of 1.83.

Insider Activity

In related news, Senior Officer Karen Kwan sold 29,966 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of C$65.96, for a total transaction of C$1,976,557.36. Also, Director Jennifer Wong sold 12,609 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of C$68.75, for a total transaction of C$866,868.75. Insiders have sold 56,298 shares of company stock valued at $3,801,028 over the last 90 days. 0.94% of the stock is owned by company insiders.

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.