Citi Trends (NASDAQ:CTRN) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Citi Trends, Inc. (NASDAQ:CTRN) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $36.96 and traded as high as $47.44. Citi Trends shares last traded at $46.91, with a volume of 131,936 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CTRN shares. DA Davidson set a $55.00 price target on Citi Trends in a research note on Tuesday, January 13th. Wall Street Zen lowered Citi Trends from a “buy” rating to a “hold” rating in a report on Monday, December 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Citi Trends in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $45.50.

Citi Trends Stock Performance

The firm has a 50 day moving average price of $43.65 and a two-hundred day moving average price of $37.05. The company has a market capitalization of $380.05 million, a P/E ratio of -22.76 and a beta of 2.08.

Citi Trends (NASDAQ:CTRN) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.79) by ($0.09). Citi Trends had a negative net margin of 2.05% and a negative return on equity of 22.84%. The company had revenue of $197.09 million during the quarter, compared to analyst estimates of $187.33 million.

Institutional Trading of Citi Trends

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in shares of Citi Trends by 143.3% in the third quarter. BNP Paribas Financial Markets now owns 1,051 shares of the company’s stock valued at $33,000 after acquiring an additional 619 shares during the last quarter. CWM LLC increased its holdings in Citi Trends by 758.3% during the 3rd quarter. CWM LLC now owns 2,678 shares of the company’s stock valued at $83,000 after purchasing an additional 2,366 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Citi Trends by 7,843.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,355 shares of the company’s stock valued at $197,000 after purchasing an additional 6,275 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Citi Trends in the 1st quarter valued at $204,000. Finally, Bank of America Corp DE boosted its stake in Citi Trends by 5.8% in the second quarter. Bank of America Corp DE now owns 6,221 shares of the company’s stock worth $208,000 after purchasing an additional 342 shares in the last quarter.

Citi Trends Company Profile

Citi Trends, Inc (NASDAQ: CTRN) is an off-price retail apparel chain that focuses on value-priced urban fashion apparel and accessories for men, women, and children. Headquartered in Savannah, Georgia, the company offers a broad assortment of merchandise, including denim, sportswear, activewear, and seasonal styles, complemented by footwear, jewelry, cosmetics, and home goods. Through its purchasing model, Citi Trends sources closeouts, overstocks and canceled orders from name-brand vendors, enabling it to offer trending styles at competitive price points.

The company operates more than 500 stores across the Southeastern and Mid-Atlantic regions of the United States, with typical store footprints of approximately 11,000 square feet.