Aritzia (TSE:ATZ) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Shares of Aritzia Inc. (TSE:ATZ) passed 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 trading hands.

Analyst Ratings Changes

Several research analysts recently weighed in on ATZ shares. Desjardins set a C$82.00 target price on shares of Aritzia and gave the stock a “buy” rating in a report on Wednesday, February 26th. Royal Bank of Canada upped their price objective on Aritzia from C$65.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. CIBC decreased their target price on Aritzia from C$1.80 to C$1.20 and set an “underperform” rating on the stock in a research note on Friday, March 14th. TD Securities dropped their price target on Aritzia from C$75.00 to C$74.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, 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 research report 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$62.42.

Aritzia Trading Down 4.2 %

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 stock’s 50 day moving average is C$63.71 and its 200-day moving average is C$54.39. The company has a market cap of C$6.06 billion, a PE ratio of 44.66, a P/E/G ratio of 1.19 and a beta of 1.83.

Insider Transactions at Aritzia

In other Aritzia news, Senior Officer Karen Kwan sold 29,966 shares of Aritzia stock in a transaction 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, Senior Officer Margot Johnson sold 3,500 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of C$72.14, for a total transaction of C$252,490.00. Insiders have sold a total of 56,298 shares of company stock worth $3,801,028 in the last three months. Insiders own 0.94% of the company’s stock.

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.