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

Citi Trends, Inc. (NASDAQ:CTRN)’s share price crossed 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 trading hands.

Wall Street Analysts Forecast Growth

CTRN has been the topic of several recent analyst reports. Wall Street Zen lowered Citi Trends from a “buy” rating to a “hold” rating in a research note on Monday, December 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Citi Trends in a research report on Wednesday, January 21st. Finally, DA Davidson set a $55.00 price target on shares of Citi Trends in a 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. According to data from MarketBeat.com, Citi Trends presently has a consensus rating of “Hold” and a consensus target price of $55.00.

Citi Trends Price Performance

The company has a fifty day moving average price of $44.25 and a 200 day moving average price of $38.55. The stock has a market cap of $371.91 million, a P/E ratio of -22.27 and a beta of 2.12.

Citi Trends (NASDAQ:CTRN) last issued its earnings results on Tuesday, December 2nd. The company reported ($0.88) earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $187.33 million.

Institutional Investors Weigh In On Citi Trends

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd bought a new position in Citi Trends in the 1st quarter valued at about $204,000. AlphaQuest LLC raised its stake in shares of Citi Trends by 27.0% in the second quarter. AlphaQuest LLC now owns 9,313 shares of the company’s stock worth $311,000 after purchasing an additional 1,978 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Citi Trends in the second quarter valued at approximately $227,000. Los Angeles Capital Management LLC purchased a new position in shares of Citi Trends during the second quarter valued at approximately $733,000. Finally, Hodges Capital Management Inc. bought a new stake in Citi Trends during the second quarter worth $250,000.

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.