Citi Trends (NASDAQ:CTRN) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Citi Trends, Inc. (NASDAQ:CTRN)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $40.06 and traded as high as $46.66. Citi Trends shares last traded at $46.48, with a volume of 81,891 shares.

Analyst Upgrades and Downgrades

CTRN has been the subject of a number of research analyst reports. Wall Street Zen cut Citi Trends from a “buy” rating to a “hold” rating in a report on Monday, December 15th. DA Davidson set a $55.00 price objective on Citi Trends in a research report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Citi Trends in a research note on Wednesday, January 21st. 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.com, Citi Trends currently has an average rating of “Hold” and an average target price of $55.00.

Citi Trends Stock Down 0.9%

The stock has a fifty day moving average price of $44.78 and a two-hundred day moving average price of $40.06. The company has a market cap of $388.11 million, a price-to-earnings ratio of -23.24 and a beta of 2.06.

Citi Trends (NASDAQ:CTRN) last released its quarterly earnings results on Tuesday, December 2nd. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $197.09 million during the quarter, compared to analyst estimates of $187.33 million.

Institutional Investors Weigh In On Citi Trends

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in shares of Citi Trends by 143.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,051 shares of the company’s stock valued at $33,000 after buying an additional 619 shares in the last quarter. New York State Common Retirement Fund increased its stake in Citi Trends by 175.0% in the fourth quarter. New York State Common Retirement Fund now owns 1,100 shares of the company’s stock valued at $46,000 after acquiring an additional 700 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Citi Trends during the fourth quarter valued at approximately $51,000. Meeder Asset Management Inc. lifted its stake in Citi Trends by 277.1% during the fourth quarter. Meeder Asset Management Inc. now owns 1,648 shares of the company’s stock worth $68,000 after purchasing an additional 1,211 shares during the last quarter. Finally, CWM LLC lifted its stake in Citi Trends by 758.3% during the third quarter. CWM LLC now owns 2,678 shares of the company’s stock worth $83,000 after purchasing an additional 2,366 shares during the last quarter.

About Citi Trends

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.