Citi Trends, Inc. (NASDAQ:CTRN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.53 and traded as high as $30.45. Citi Trends shares last traded at $30.17, with a volume of 51,670 shares changing hands.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on CTRN. DA Davidson reaffirmed a "buy" rating and set a $29.00 target price on shares of Citi Trends in a research report on Wednesday, March 19th. Wall Street Zen cut Citi Trends from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th.
Read Our Latest Stock Report on CTRN
Citi Trends Trading Down 1.6%
The stock has a market cap of $250.11 million, a price-to-earnings ratio of -6.46 and a beta of 1.98. The stock has a 50-day moving average price of $29.04 and a two-hundred day moving average price of $25.53.
Citi Trends (NASDAQ:CTRN - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.17 earnings per share 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 return on equity of 27.90% and a negative net margin of 5.06%. During the same quarter last year, the firm earned ($0.32) EPS.
Insider Buying and Selling at Citi Trends
In other news, VP Katrina George sold 750 shares of the firm's stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.70% of the stock is owned by insiders.
Hedge Funds Weigh In On Citi Trends
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in Citi Trends in the 1st quarter worth $63,000. Wells Fargo & Company MN raised its stake in Citi Trends by 22.8% in the 4th quarter. Wells Fargo & Company MN now owns 3,745 shares of the company's stock worth $98,000 after acquiring an additional 695 shares during the last quarter. MetLife Investment Management LLC purchased a new position in Citi Trends in the 4th quarter worth $105,000. State of Wyoming purchased a new position in Citi Trends in the 1st quarter worth $148,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Citi Trends in the 1st quarter worth $204,000.
About Citi Trends
(
Get Free Report)
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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