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

Citi Trends, Inc. (NASDAQ:CTRN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

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

Citi Trends Stock Performance

The firm has a market capitalization of $401.80 million, a PE ratio of -24.06 and a beta of 2.06. The stock has a fifty day moving average price of $45.10 and a 200-day moving average price of $40.17.

Citi Trends (NASDAQ:CTRN) last released 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). The firm had revenue of $197.09 million for the quarter, compared to analysts’ expectations of $187.33 million. Citi Trends had a negative net margin of 2.05% and a negative return on equity of 22.84%.

Institutional Investors Weigh In On Citi Trends

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Citi Trends by 10.2% during the third quarter. Vanguard Group Inc. now owns 373,685 shares of the company’s stock worth $11,595,000 after buying an additional 34,450 shares in the last quarter. AWM Investment Company Inc. raised its position in shares of Citi Trends by 3.9% in the fourth quarter. AWM Investment Company Inc. now owns 241,657 shares of the company’s stock valued at $10,043,000 after buying an additional 9,180 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Citi Trends by 61.1% in the fourth quarter. Marshall Wace LLP now owns 197,641 shares of the company’s stock valued at $8,214,000 after purchasing an additional 74,994 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Citi Trends by 239.6% in the 4th quarter. AQR Capital Management LLC now owns 182,133 shares of the company’s stock worth $7,569,000 after acquiring an additional 128,508 shares during the last quarter. Finally, General Equity Holdings LP raised its stake in Citi Trends by 2.1% during the second quarter. General Equity Holdings LP now owns 172,229 shares of the company’s stock worth $5,751,000 after purchasing an additional 3,461 shares during the period.

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.