Aritzia (TSE:ATZ) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Aritzia Inc. (TSE:ATZ) crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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.

Analysts Set New Price Targets

ATZ has been the topic of several research analyst reports. BMO Capital Markets upped their price objective on Aritzia from C$68.00 to C$80.00 in a research report on Friday, February 14th. TD Securities cut their price target on shares of Aritzia from C$75.00 to C$74.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Canaccord Genuity Group lifted their price objective 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. Desjardins set a C$82.00 target price on shares of Aritzia and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, CIBC decreased their price target on shares of Aritzia from C$1.80 to C$1.20 and set an “underperform” rating for the company in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$62.42.

Aritzia Trading Down 4.2 %

The company has a market capitalization of C$6.06 billion, a PE ratio of 44.66, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The company’s fifty day moving average is C$63.71 and its 200-day moving average is C$54.39.

Insider Buying and Selling at Aritzia

In related news, Senior Officer Todd Jeremy Ingledew sold 7,200 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of C$68.50, for a total transaction of C$493,200.00. Also, Senior Officer Karen Kwan sold 29,966 shares of Aritzia stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of C$65.96, for a total transaction of C$1,976,557.36. In the last 90 days, insiders have sold 56,298 shares of company stock valued at $3,801,028. 0.94% of the stock is currently owned by corporate 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.