Citi Trends (NASDAQ:CTRN) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Citi Trends, Inc. (NASDAQ:CTRN)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $38.55 and traded as high as $47.00. Citi Trends shares last traded at $44.54, with a volume of 59,360 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CTRN shares. Wall Street Zen downgraded shares of Citi Trends from a “buy” rating to a “hold” rating in a research report on Monday, December 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Citi Trends in a report on Wednesday, January 21st. Finally, DA Davidson set a $55.00 price target on shares of Citi Trends in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $55.00.

Citi Trends Stock Up 3.7%

The company’s fifty day moving average price is $44.25 and its two-hundred day moving average price is $38.66. The company has a market cap of $385.37 million, a price-to-earnings ratio of -23.09 and a beta of 2.12.

Citi Trends (NASDAQ:CTRN) last posted its quarterly earnings data 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 the consensus estimate of $187.33 million.

Institutional Investors Weigh In On Citi Trends

Several institutional investors have recently bought and sold shares of CTRN. BNP Paribas Financial Markets raised its holdings 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 purchasing an additional 619 shares during the last quarter. New York State Common Retirement Fund increased its stake in Citi Trends by 175.0% in the 4th quarter. New York State Common Retirement Fund now owns 1,100 shares of the company’s stock valued at $46,000 after buying an additional 700 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Citi Trends by 277.1% in the 4th quarter. Meeder Asset Management Inc. now owns 1,648 shares of the company’s stock valued at $68,000 after buying an additional 1,211 shares during the last quarter. CWM LLC lifted its position in Citi Trends by 758.3% during the 3rd quarter. CWM LLC now owns 2,678 shares of the company’s stock worth $83,000 after buying an additional 2,366 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Citi Trends by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 5,356 shares of the company’s stock worth $223,000 after buying an additional 1,693 shares during 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.