Citi Trends (NASDAQ:CTRN) Shares Pass Above 200-Day Moving Average - What's Next?

Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.97 and traded as high as $29.71. Citi Trends shares last traded at $29.65, with a volume of 34,145 shares changing hands.

Analyst Ratings Changes

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

Citi Trends Trading Up 1.9%

The company has a market capitalization of $245.80 million, a price-to-earnings ratio of -6.35 and a beta of 2.05. The firm's 50 day simple moving average is $30.78 and its 200-day simple moving average is $25.97.

Citi Trends (NASDAQ:CTRN - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $201.73 million for the quarter, compared to analyst estimates 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 previous year, the business posted ($0.32) earnings per share.

Insider Transactions at Citi Trends

In other news, VP Katrina George sold 750 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was 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 trade represents a 10.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CTRN. Millennium Management LLC purchased a new stake in shares of Citi Trends during the 4th quarter worth $235,000. Bank of America Corp DE lifted its stake in shares of Citi Trends by 29.5% in the fourth quarter. Bank of America Corp DE now owns 8,801 shares of the company's stock valued at $231,000 after purchasing an additional 2,003 shares during the period. Ameriprise Financial Inc. boosted its holdings in Citi Trends by 0.7% during the fourth quarter. Ameriprise Financial Inc. now owns 198,887 shares of the company's stock worth $5,221,000 after buying an additional 1,400 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Citi Trends during the first quarter worth about $63,000. Finally, Geode Capital Management LLC grew its position in Citi Trends by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 166,558 shares of the company's stock worth $4,373,000 after buying an additional 3,086 shares during the period.

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.

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