Aritzia Inc. (TSE:ATZ – Get Free Report) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$46.89 and traded as low as C$43.75. Aritzia shares last traded at C$45.10, with a volume of 539,856 shares changing hands.
Wall Street Analysts Forecast Growth
Several research firms have commented on ATZ. Stifel Nicolaus upped their price objective on Aritzia from C$50.00 to C$58.00 in a research note on Friday, October 11th. Canaccord Genuity Group boosted their target price on Aritzia from C$46.00 to C$52.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. CIBC boosted their target price on Aritzia from C$47.00 to C$60.00 in a research report on Friday, October 11th. Royal Bank of Canada boosted their target price on Aritzia from C$47.00 to C$56.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 2nd. Finally, UBS Group boosted their target price on Aritzia from C$53.00 to C$54.00 in a research report on Friday, July 12th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Aritzia currently has a consensus rating of “Moderate Buy” and a consensus price target of C$55.38.
Aritzia Trading Up 3.2 %
Aritzia (TSE:ATZ – Get Free Report) last released its quarterly earnings results on Thursday, October 10th. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). The firm had revenue of C$615.66 million during the quarter, compared to analyst estimates of C$581.10 million. Aritzia had a return on equity of 9.84% and a net margin of 3.26%. As a group, equities analysts expect that Aritzia Inc. will post 1.7771148 earnings per share for the current fiscal year.
About Aritzia
Aritzia Inc, together with its subsidiaries, designs, develops, and sells apparels and accessories for women in the United States and Canada. The company offers activewear, blazers and suiting, bodysuits, denim, dresses, jackets and coats, jumpsuits and rompers, leggings and bike shorts, pants, shirts and blouses, shorts, skirts, sweaters, and sweatpants, sweatshirts, hoodies, and sweats, as well as t-shirts, tops, intimates, bra tops, leaotards.
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