Citi Trends (NASDAQ:CTRN) Shares Pass Above 200 Day Moving Average – Should You Sell?

Citi Trends, Inc. (NASDAQ:CTRN) shares passed 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 changing hands.

Analysts Set New Price Targets

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

Citi Trends Price Performance

The firm has a 50-day moving average of $43.54 and a 200 day moving average of $36.96. The stock has a market capitalization of $391.70 million, a price-to-earnings ratio of -23.46 and a beta of 2.08.

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

Institutional Investors Weigh In On Citi Trends

Large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. bought a new stake in shares of Citi Trends during the 2nd quarter worth about $227,000. Hodges Capital Management Inc. acquired a new stake in Citi Trends during the second quarter worth approximately $250,000. AlphaQuest LLC boosted its holdings in shares of Citi Trends by 27.0% during the second quarter. AlphaQuest LLC now owns 9,313 shares of the company’s stock worth $311,000 after acquiring an additional 1,978 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Citi Trends during the second quarter worth approximately $733,000. Finally, XTX Topco Ltd acquired a new position in shares of Citi Trends in the second quarter valued at approximately $541,000.

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.