Citi Trends (NASDAQ:CTRN) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.66 and traded as high as $31.99. Citi Trends shares last traded at $31.24, with a volume of 45,433 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Citi Trends from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th.

Citi Trends Price Performance

The company's 50-day simple moving average is $30.21 and its two-hundred day simple moving average is $25.78. The firm has a market capitalization of $256.74 million, a P/E ratio of -6.63 and a beta of 1.98.

Citi Trends (NASDAQ:CTRN - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.19) by $0.36. The firm had revenue of $201.73 million during the quarter, compared to analysts' expectations of $195.76 million. Citi Trends had a negative net margin of 5.06% and a negative return on equity of 27.90%. During the same period in the prior year, the company posted ($0.32) earnings per share.

Insider Activity

In other news, VP Katrina George sold 750 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $33.94, for a total value of $25,455.00. Following the completion of the sale, the vice president directly owned 6,150 shares of the company's stock, valued at $208,731. This represents a 10.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.70% of the stock is currently owned by company insiders.

Institutional Trading of Citi Trends

Hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC grew its stake in Citi Trends by 5.0% during the first quarter. Hsbc Holdings PLC now owns 10,328 shares of the company's stock valued at $223,000 after acquiring an additional 488 shares in the last quarter. Barclays PLC grew its stake in Citi Trends by 2.5% during the fourth quarter. Barclays PLC now owns 26,595 shares of the company's stock valued at $699,000 after acquiring an additional 642 shares in the last quarter. Wells Fargo & Company MN grew its stake in Citi Trends by 22.8% during the fourth quarter. Wells Fargo & Company MN now owns 3,745 shares of the company's stock valued at $98,000 after acquiring an additional 695 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Citi Trends by 4.6% during the first quarter. Bank of New York Mellon Corp now owns 16,220 shares of the company's stock valued at $359,000 after acquiring an additional 717 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Citi Trends by 10.5% during the first quarter. American Century Companies Inc. now owns 14,470 shares of the company's stock valued at $320,000 after acquiring an additional 1,371 shares in the last quarter.

About Citi Trends

Citi Trends, Inc operates as a value retailer of fashion apparel, accessories, and home goods. The company offers apparel, such as fashion sportswear and footwear for men and ladies, as well as apparel for kids, including newborns, infants, toddlers, boys, and girls; sleepwear, lingerie, and scrubs for ladies; and kids uniforms and accessories.